ShaMaran Petroleum (CVE:SNM) Trading Down 6.7% - Time to Sell?

Key Points

• ShaMaran Petroleum's shares fell 6.7% to C$0.21, with an exceptionally low trading volume of only 9,000 shares compared to the average of 255,515 shares.
• The company's debt-to-equity ratio stands at 100.09, with a market cap of C$420.23 million and a price-to-earnings ratio of 5.72.
• ShaMaran Petroleum operates in the oil and gas sector, holding interests in production sharing contracts in the Kurdistan region of Iraq.

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) dropped 6.7% on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 9,000 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 255,515 shares. The stock had previously closed at C$0.23.

ShaMaran Petroleum Trading Down 8.9%

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 fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.19. The firm has a market cap of C$410.22 million, a PE ratio of 5.58 and a beta of 1.14.

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.