ShaMaran Petroleum (CVE:SNM) Stock Passes Below 50 Day Moving Average - Here's Why

ShaMaran Petroleum Corp. (CVE:SNM — Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.25 and traded as low as C$0.25. ShaMaran Petroleum shares last traded at C$0.25, with a volume of 46,417 shares traded.

ShaMaran Petroleum Price Performance

The company has a quick ratio of 1.07, a current ratio of 4.89 and a debt-to-equity ratio of 100.09. The company has a market capitalization of C$704.49 million, a PE ratio of 8.83 and a beta of 1.42. The firm’s 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.22.

ShaMaran Petroleum Company Profile

(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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