ShaMaran Petroleum (CVE:SNM) Stock Passes Below Fifty Day Moving Average – Should You Sell?

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.24 and traded as low as C$0.24. ShaMaran Petroleum shares last traded at C$0.24, with a volume of 178,138 shares.

ShaMaran Petroleum Stock Up 4.3%

The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89. The firm has a market capitalization of C$690.79 million, a P/E ratio of 8.83 and a beta of 1.71. The stock has a fifty day moving average price of C$0.24 and a two-hundred day moving average price of C$0.24.

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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