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

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.07 and traded as high as C$0.07. ShaMaran Petroleum shares last traded at C$0.07, with a volume of 431,183 shares.

ShaMaran Petroleum Stock Performance

The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05. The company has a market cap of C$198.80 million, a P/E ratio of -3.75 and a beta of 1.16. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price 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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