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Hemisphere Energy (CVE:HME) Stock Price Passes Above 50 Day Moving Average - What's Next?

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 Tuesday . The stock has a fifty day moving average of C$1.78 and traded as high as C$1.93. Hemisphere Energy shares last traded at C$1.92, with a volume of 119,307 shares.

Hemisphere Energy Trading Up 2.1%

The company has a market cap of C$188.20 million, a price-to-earnings ratio of 6.41 and a beta of 1.95. The firm has a 50-day moving average price of C$1.78 and a 200 day moving average price of C$1.80. 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

(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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