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

ShaMaran Petroleum Corp. (CVE:SNM) 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

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.