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Hemisphere Energy (CVE:HME) Stock Crosses Above Fifty Day Moving Average - Here's Why

Hemisphere Energy logo with Energy background

Shares of Hemisphere Energy Co. (CVE:HME - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.84 and traded as high as C$1.88. Hemisphere Energy shares last traded at C$1.83, with a volume of 610,667 shares.

Hemisphere Energy Stock Performance

The company has a market capitalization of C$183.30 million, a price-to-earnings ratio of 6.24 and a beta of 1.95. The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 5.65. The stock has a 50-day simple moving average of C$1.84 and a 200-day simple moving average of C$1.83.

Hemisphere Energy Company Profile

(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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