Hemisphere Energy (CVE:HME) Shares Cross Below 200-Day Moving Average - Should You Sell?

Hemisphere Energy Co. (CVE:HME - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.84 and traded as low as C$1.72. Hemisphere Energy shares last traded at C$1.73, with a volume of 58,070 shares changing hands.

Hemisphere Energy Price Performance

The stock's 50-day simple moving average is C$1.83 and its 200 day simple moving average is C$1.84. 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 company has a market cap of C$169.58 million, a price-to-earnings ratio of 5.77 and a beta of 1.95.

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.

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