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ShaMaran Petroleum (CVE:SNM) Trading Up 10.5% - Still a Buy?

ShaMaran Petroleum logo with Energy background

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

ShaMaran Petroleum Trading Up 2.2%

The firm has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.18. The stock has a market cap of C$460.25 million, a PE ratio of 6.26 and a beta of 1.14. The company has a current ratio of 4.89, a quick ratio of 1.07 and a debt-to-equity ratio of 100.09.

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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