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

Hemisphere Energy logo with Energy background

Hemisphere Energy Co. (CVE:HME - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.81 and traded as high as C$1.91. Hemisphere Energy shares last traded at C$1.88, with a volume of 22,145 shares changing hands.

Hemisphere Energy Stock Performance

The stock has a 50-day simple moving average of C$1.81 and a 200-day simple moving average of C$1.80. The company has a market capitalization of C$187.22 million, a price-to-earnings ratio of 6.37 and a beta of 1.95. The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 5.65.

About Hemisphere Energy

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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.

Further Reading

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