ShaMaran Petroleum (CVE:SNM) Sets New 12-Month High – Still a Buy?

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$0.11 and last traded at C$0.11, with a volume of 609554 shares changing hands. The stock had previously closed at C$0.10.

ShaMaran Petroleum Trading Up 5.3 %

The firm has a market cap of C$284 million, a price-to-earnings ratio of -3.75 and a beta of 1.14. The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07. The business has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.08.

ShaMaran Petroleum Company Profile

(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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