Shares of ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) rose 4.5% during trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 1,728,925 shares were traded during trading, an increase of 496% from the average daily volume of 290,064 shares. The stock had previously closed at C$0.11.
ShaMaran Petroleum Price Performance
The stock has a market capitalization of C$326.60 million, a P/E ratio of -3.75 and a beta of 1.14. 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’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.08.
About ShaMaran Petroleum
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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