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ShaMaran Petroleum (CVE:SNM) Reaches New 52-Week High - Still a Buy?

ShaMaran Petroleum logo with Energy background

Shares of ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$0.24 and last traded at C$0.24, with a volume of 295928 shares. The stock had previously closed at C$0.22.

ShaMaran Petroleum Price Performance

The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89. The company has a market capitalization of C$450.24 million, a P/E ratio of 6.13 and a beta of 1.14. The firm's fifty day moving average is C$0.19 and its 200 day moving average is C$0.18.

About ShaMaran Petroleum

(Get Free Report)

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

Further Reading

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