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Hemisphere Energy (CVE:HME) Share Price Crosses Below 200 Day Moving Average - Here's Why

Hemisphere Energy logo with Energy background

Hemisphere Energy Co. (CVE:HME - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.80 and traded as low as C$1.74. Hemisphere Energy shares last traded at C$1.74, with a volume of 335,126 shares.

Hemisphere Energy Trading Up 2.9%

The stock has a 50-day moving average of C$1.74 and a 200 day moving average 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. The stock has a market cap of C$175.46 million, a PE ratio of 5.97 and a beta of 1.95.

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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