ShaMaran Petroleum (CVE:SNM) Stock Price Crosses Below Fifty Day Moving Average of $0.09

ShaMaran Petroleum Corp. (CVE:SNMGet Rating) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.09 and traded as low as C$0.08. ShaMaran Petroleum shares last traded at C$0.08, with a volume of 3,206 shares changing hands.

ShaMaran Petroleum Stock Down 5.9 %

The business has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.09. The firm has a market cap of C$225.60 million, a P/E ratio of 1.33 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 4.07 and a debt-to-equity ratio of 168.18.

About ShaMaran Petroleum

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ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas. The company holds a 27.6% interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of Iraq. It also provides technical and administration services.

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