ShaMaran Petroleum (CVE:SNM) Stock Price Down 6.1% – Should You Sell?

ShaMaran Petroleum Corp. (CVE:SNM) was down 6.1% during trading on Monday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 148,784 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 217,676 shares. The stock had previously closed at C$0.25.

ShaMaran Petroleum Stock Down 6.1%

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 cap of C$661.35 million, a P/E ratio of 8.83 and a beta of 1.42. The company’s 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.23.

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.