ShaMaran Petroleum (CVE:SNM) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.24 and traded as low as C$0.23. ShaMaran Petroleum shares last traded at C$0.24, with a volume of 302,315 shares traded.

ShaMaran Petroleum Stock Down 2.1%

The business has a 50 day simple moving average of C$0.24 and a 200 day simple moving average of C$0.24. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07. The stock has a market cap of C$676.39 million, a PE ratio of 8.83 and a beta of 1.71.

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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