ShaMaran Petroleum (CVE:SNM) Stock Price Up 2% - What's Next?

Key Points

• ShaMaran Petroleum Corp. (CVE:SNM) shares increased by 2%, reaching C$0.25, with trading volume up by 106% compared to its average daily volume.
• The company has a market capitalization of C$717.26 million and a price-to-earnings ratio of 8.33.
• ShaMaran Petroleum is involved in oil and gas exploration and production, holding interests in contracts in the Kurdistan region of Iraq.

Shares of ShaMaran Petroleum Corp. (CVE:SNM - ) rose 2% on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 503,957 shares traded hands during trading, an increase of 106% from the average daily volume of 244,975 shares. The stock had previously closed at C$0.25.

ShaMaran Petroleum Price Performance

The firm has a market cap of C$717.26 million, a price-to-earnings ratio of 8.33 and a beta of 1.41. The company has a quick ratio of 1.07, a current ratio of 4.89 and a debt-to-equity ratio of 100.09. The company's 50-day moving average price is C$0.23 and its 200-day moving average price is C$0.21.

About ShaMaran Petroleum

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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