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ShaMaran Petroleum (CVE:SNM) Shares Pass Below Fifty Day Moving Average - Here's Why

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.19 and traded as low as C$0.18. ShaMaran Petroleum shares last traded at C$0.18, with a volume of 19,500 shares.

ShaMaran Petroleum Price Performance

The company has a current ratio of 4.89, a quick ratio of 1.07 and a debt-to-equity ratio of 100.09. The company has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.17. The firm has a market capitalization of C$360.19 million, a P/E ratio of 4.90 and a beta of 1.14.

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.

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