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

Key Points

• Hemisphere Energy's stock price has surpassed its 50-day moving average of C$1.88, indicating positive trading momentum.
• The company announced a special dividend of $0.03 per share, to be paid on August 15th, with a dividend payout ratio of 33.36%.
• Hemisphere Energy, with a market cap of C$184.28 million, is primarily focused on the acquisition and production of petroleum and natural gas interests in Canada.

Hemisphere Energy Co. (CVE:HME - )'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.88 and traded as high as C$1.88. Hemisphere Energy shares last traded at C$1.88, with a volume of 61,659 shares changing hands.

Hemisphere Energy Stock Down 0.5%

The business's 50 day moving average price is C$1.88 and its 200-day moving average price is C$1.81. The company has a debt-to-equity ratio of 5.65, a current ratio of 2.15 and a quick ratio of 0.74. The company has a market cap of C$184.28 million, a P/E ratio of 6.27 and a beta of 1.95.

Hemisphere Energy Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, August 15th. Investors of record on Saturday, January 1st will be given a $0.03 dividend. Hemisphere Energy's dividend payout ratio (DPR) is presently 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.

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