ShaMaran Petroleum Corp (CVE:SNM) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.08 and traded as low as $0.08. ShaMaran Petroleum shares last traded at $0.08, with a volume of 2,410 shares trading hands.
The stock has a market cap of $172.85 million and a PE ratio of -10.00. The company has a quick ratio of 3.65, a current ratio of 7.11 and a debt-to-equity ratio of 129.89.
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ShaMaran Petroleum Company Profile (CVE:SNM)
ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas properties in the Kurdistan Region of Iraq. The company holds a 20.1% direct interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of northern Iraq.
Further Reading: What is the Moving Average Convergence Divergence (MACD) oscillator?
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