Hemisphere Energy (CVE:HME) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Hemisphere Energy's share price recently surpassed its 50-day moving average of C$1.86, trading as high as C$1.95 before closing at C$1.93 with a volume of 167,711 shares.
• The company declared a $0.03 special dividend to be paid on August 15th to shareholders of record on January 1st, with a dividend payout ratio of 33.36%.
• Hemisphere Energy has a market capitalization of C$189.18 million and significant financial metrics including a P/E ratio of 6.44 and a debt-to-equity ratio of 5.65.

Shares of Hemisphere Energy Co. (CVE:HME - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.86 and traded as high as C$1.95. Hemisphere Energy shares last traded at C$1.93, with a volume of 167,711 shares trading hands.

Hemisphere Energy Stock Performance

The company has a 50-day moving average of C$1.86 and a 200-day moving average of C$1.81. The company has a quick ratio of 0.74, a current ratio of 2.15 and a debt-to-equity ratio of 5.65. The company has a market cap of C$189.18 million, a PE ratio of 6.44 and a beta of 1.95.

Hemisphere Energy Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, August 15th. Shareholders of record on Saturday, January 1st will be issued a $0.03 dividend. Hemisphere Energy's dividend payout ratio is 33.36%.

Hemisphere Energy Company Profile

Hemisphere Energy Corporation acquires, explores, develops, and produces petroleum and natural gas interests in Canada. It primarily owns a 100% interest in the Atlee Buffalo property located in southeastern Alberta. The company was formerly known as Northern Hemisphere Development Corp. and changed its name to Hemisphere Energy Corporation in April 2009.