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

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.

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) was down 2.2% during mid-day trading on Friday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 123,345 shares were traded 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 Up 2.4%

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 firm has a market capitalization of C$420.23 million, a price-to-earnings ratio of 5.72 and a beta of 1.14. The stock has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.19.

ShaMaran Petroleum Company Profile

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.