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ShaMaran Petroleum (CVE:SNM) Stock Price Up 10.5% - Here's What Happened

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price was up 10.5% during trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 127,450 shares traded hands during trading, a decline of 54% from the average daily volume of 275,002 shares. The stock had previously closed at C$0.19.

ShaMaran Petroleum Price Performance

The company has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.18. The firm has a market cap of C$460.25 million, a P/E ratio of 6.26 and a beta of 1.14. The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89.

About ShaMaran Petroleum

(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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