ShaMaran Petroleum (CVE:SNM) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of ShaMaran Petroleum Corp. (CVE:SNMGet Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.24 and traded as low as C$0.24. ShaMaran Petroleum shares last traded at C$0.25, with a volume of 53,034 shares trading hands.

ShaMaran Petroleum Price Performance

The company has a fifty day simple moving average of C$0.24 and a 200 day simple moving average of C$0.24. The stock has a market capitalization of C$704.49 million, a price-to-earnings ratio of 8.83 and a beta of 1.49. 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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