ShaMaran Petroleum (CVE:SNM) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.07 and traded as low as C$0.07. ShaMaran Petroleum shares last traded at C$0.07, with a volume of 10,000 shares traded.

ShaMaran Petroleum Stock Up 7.7 %

The company has a market cap of C$198.80 million, a P/E ratio of -3.75 and a beta of 1.14. The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07. The company has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.08.

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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