ShaMaran Petroleum (CVE:SNM) Trading Down 2.1% – Should You Sell?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) traded down 2.1% on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. 343,756 shares changed hands during trading, an increase of 37% from the average session volume of 251,550 shares. The stock had previously closed at C$0.24.

ShaMaran Petroleum Stock Performance

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$662.00 million, a P/E ratio of 8.83 and a beta of 1.71. The stock has a 50-day simple moving average of C$0.24 and a 200-day simple moving average of C$0.24.

ShaMaran Petroleum Company Profile

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.