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ShaMaran Petroleum (CVE:SNM) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.21 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 662,500 shares trading hands.

ShaMaran Petroleum Price Performance

The company has a market capitalization of C$400.21 million, a P/E ratio of 5.45 and a beta of 1.14. The company has a fifty day moving average price of C$0.21 and a 200 day moving average price of C$0.15. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07.

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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