Free Trial

ShaMaran Petroleum (CVE:SNM) Trading Down 2.2% - Here's What Happened

ShaMaran Petroleum logo with Energy background

Key Points

  • ShaMaran Petroleum Corp. shares decreased by 2.2% during mid-day trading, closing at C$0.22 after falling from C$0.23.
  • The company has a market capitalization of C$410.22 million, with a price-to-earnings ratio of 5.58 and a debt-to-equity ratio of 100.09.
  • ShaMaran operates in oil and gas exploration and production, primarily focusing on projects in the Kurdistan region of Iraq.
  • MarketBeat previews the top five stocks to own by September 1st.

Shares of ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) were down 2.2% during trading on Friday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 123,345 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 250,909 shares. The stock had previously closed at C$0.23.

ShaMaran Petroleum Stock Performance

The company's fifty day moving average price is C$0.20 and its 200 day moving average price is C$0.19. The company has a market cap of C$410.22 million, a PE ratio of 5.58 and a beta of 1.14. 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

(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.

Further Reading

Should You Invest $1,000 in ShaMaran Petroleum Right Now?

Before you consider ShaMaran Petroleum, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ShaMaran Petroleum wasn't on the list.

While ShaMaran Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines