ShaMaran Petroleum (CVE:SNM) Sets New 1-Year High - Still a Buy?

Key Points

• ShaMaran Petroleum Corp. (CVE:SNM) achieved a new 52-week high of C$0.24 during trading with a volume of 294,001 shares.
• The company has a market capitalization of C$688.57 million and a PE ratio of 8.00, indicating strong potential for investors.
• ShaMaran operates in oil and gas exploration, holding interests in the Atrush and Sarsang production sharing contracts in the Kurdistan region of Iraq.

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.24, with a volume of 294001 shares traded. The stock had previously closed at C$0.23.

ShaMaran Petroleum Price Performance

The stock has a market capitalization of C$688.57 million, a P/E ratio of 8.00 and a beta of 1.23. The company's 50-day simple moving average is C$0.22 and its 200-day simple moving average is C$0.21. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07.

ShaMaran Petroleum Company Profile

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.