Hemisphere Energy (CVE:HME) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• Hemisphere Energy shares surpassed their 50-day moving average of C$1.89, reaching a high of C$1.94 with a trading volume of 74,350 shares.
• The company announced a special dividend of $0.03 per share, set to be paid on August 15th to stockholders of record as of January 1st.
• Hemisphere Energy holds a debt-to-equity ratio of 5.65 and a market capitalization of C$190.16 million, indicating a growing operational footprint in the petroleum and natural gas sector in Canada.

Shares of Hemisphere Energy Co. (CVE:HME - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.89 and traded as high as C$1.94. Hemisphere Energy shares last traded at C$1.94, with a volume of 74,350 shares.

Hemisphere Energy Trading Up 0.5%

The company has a market capitalization of C$191.14 million, a P/E ratio of 6.51 and a beta of 1.95. The stock's 50 day moving average is C$1.90 and its 200-day moving average is C$1.82. The company has a debt-to-equity ratio of 5.65, a current ratio of 2.15 and a quick ratio of 0.74.

Hemisphere Energy Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, August 15th. Shareholders of record on Saturday, January 1st were paid a dividend of $0.03 per share. 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.