Hemisphere Energy (CVE:HME) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• Shares of Hemisphere Energy passed above its fifty-day moving average of C$2.05, trading as high as C$2.07 during recent trading.
• The company's market capitalization stands at C$194.14 million with a P/E ratio of 6.38 and a relatively low beta of 0.37.
• Hemisphere Energy primarily focuses on petroleum and natural gas interests in Canada, owning a 100% interest in the Atlee Buffalo property in southeastern Alberta.

Shares of Hemisphere Energy Co. (CVE:HME - ) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.05 and traded as high as C$2.07. Hemisphere Energy shares last traded at C$2.04, with a volume of 146,438 shares traded.

Hemisphere Energy Stock Performance

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 stock has a market cap of C$194.14 million, a P/E ratio of 6.38 and a beta of 0.37. The stock has a fifty day simple moving average of C$2.05 and a 200-day simple moving average of C$1.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.