Hemisphere Energy (CVE:HME) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Hemisphere Energy Co. (CVE:HMEGet Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.05 and traded as high as C$2.07. Hemisphere Energy shares last traded at C$2.04, with a volume of 146,438 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 stock has a market cap of C$194.14 million, a P/E ratio of 6.38 and a beta of 0.37. The stock has a fifty day simple moving average of C$2.05 and a 200-day simple moving average of C$1.90.

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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