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

Key Points

• Hemisphere Energy's stock price has surpassed its 50-day moving average, rising from C$1.97 to a trading high of C$2.15 during recent trading sessions.
• The company recently issued a special dividend of $0.03, with a payout ratio of 31.25%, reflecting its commitment to returning value to shareholders.
• Hemisphere Energy operates primarily in Canada, focusing on petroleum and natural gas interests, and has a market capitalization of C$204.61 million.

Hemisphere Energy Co. (CVE:HME - )'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.97 and traded as high as C$2.15. Hemisphere Energy shares last traded at C$2.15, with a volume of 69,271 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 firm has a market capitalization of C$204.61 million, a P/E ratio of 6.72 and a beta of 0.45. The stock has a fifty day moving average of C$1.97 and a 200-day moving average of C$1.85.

Hemisphere Energy Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, August 15th. Stockholders of record on Saturday, January 1st were given a $0.03 dividend. Hemisphere Energy's payout ratio is 31.25%.

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.

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