ShaMaran Petroleum (CVE:SNM) Hits New 1-Year High – Time to Buy?

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

ShaMaran Petroleum Stock Down 8.3 %

The company has a market capitalization of C$312.40 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 firm’s fifty day moving average is C$0.08 and its 200-day moving average is 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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