Hemisphere Energy (CVE:HME) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

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.

Hemisphere Energy Co. (CVE:HME - )'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Hemisphere Energy Trading Down 1.0%

The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 5.65. The business's fifty day simple moving average is C$1.86 and its two-hundred day simple moving average is C$1.81. The stock has a market capitalization of C$189.18 million, a P/E ratio of 6.44 and a beta of 1.95.

Hemisphere Energy Dividend Announcement

The business also recently declared 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 (DPR) is presently 33.36%.

About Hemisphere Energy

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.

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