ShaMaran Petroleum (CVE:SNM) Shares Down 2.1% – Here’s Why

Shares of ShaMaran Petroleum Corp. (CVE:SNM) fell 2.1% during trading on Tuesday . The company traded as low as C$0.24 and last traded at C$0.24. 96,852 shares were traded during trading, a decline of 59% from the average session volume of 237,089 shares. The stock had previously closed at C$0.24.

ShaMaran Petroleum Trading Down 2.1%

The stock has a market cap of C$674.22 million, a P/E ratio of 7.83 and a beta of 1.24. 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 stock’s fifty day moving average price is C$0.24 and its 200 day moving average price is C$0.22.

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.