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ShaMaran Petroleum (CVE:SNM) Stock Crosses Below 50-Day Moving Average - Here's What Happened

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) crossed 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.

ShaMaran Petroleum Stock Up 7.7 %

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

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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