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ShaMaran Petroleum (CVE:SNM) Stock Passes Below 50-Day Moving Average - Here's What Happened

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.20 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.20, with a volume of 1,062,175 shares changing hands.

ShaMaran Petroleum Price Performance

The stock has a market capitalization of C$380.20 million, a PE ratio of 5.17 and a beta of 1.14. The stock's 50-day moving average price is C$0.20 and its two-hundred day moving average price is C$0.14. The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89.

Insider Transactions at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director Garrett Soden sold 11,113,667 shares of ShaMaran Petroleum stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total value of C$1,667,050.05. Insiders own 25.89% of the company's stock.

ShaMaran Petroleum Company Profile

(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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