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Hemisphere Energy (CVE:HME) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Hemisphere Energy logo with Energy background

Shares of Hemisphere Energy Co. (CVE:HME - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.80 and traded as low as C$1.75. Hemisphere Energy shares last traded at C$1.76, with a volume of 38,208 shares trading hands.

Hemisphere Energy Trading Down 1.1%

The company has a market capitalization of C$174.48 million, a price-to-earnings ratio of 5.94 and a beta of 1.95. The company has a 50-day moving average price of C$1.74 and a 200-day moving average price of C$1.80. The company has a quick ratio of 0.74, a current ratio of 2.15 and a debt-to-equity ratio of 5.65.

Hemisphere Energy Company Profile

(Get Free Report)

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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