ShaMaran Petroleum (CVE:SNM) Hits New 12-Month Low – Here’s Why

ShaMaran Petroleum Corp. (CVE:SNM)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.18, with a volume of 393267 shares changing hands. The stock had previously closed at C$0.18.

ShaMaran Petroleum Trading Up 2.8%

The company has a 50 day moving average of C$0.23 and a 200 day moving average of C$0.24. The firm has a market cap of C$532.48 million, a P/E ratio of 18.50 and a beta of 1.65. The company has a debt-to-equity ratio of 53.02, a quick ratio of 1.07 and a current ratio of 4.74.

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.