Hemisphere Energy (CVE:HME) Share Price Passes Above 50 Day Moving Average – Here’s Why

Hemisphere Energy Co. (CVE:HME)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.02 and traded as high as C$2.15. Hemisphere Energy shares last traded at C$2.13, with a volume of 117,308 shares.

Hemisphere Energy Price Performance

The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.74 and a current ratio of 2.15. The company has a fifty day moving average price of C$2.02 and a two-hundred day moving average price of C$2.05. The company has a market cap of C$201.25 million, a P/E ratio of 7.10 and a beta of 0.30.

Hemisphere Energy Company Profile

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. Hemisphere Energy Corporation was founded in 1977 and is headquartered in Vancouver, Canada.