ShaMaran Petroleum (CVE:SNM) Hits New 1-Year High – Here’s Why

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$0.12 and last traded at C$0.11, with a volume of 2070683 shares traded. The stock had previously closed at C$0.11.

ShaMaran Petroleum Stock Performance

The company has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.08. The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75. The stock has a market capitalization of C$312.40 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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