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Hemisphere Energy (CVE:HME) Shares Pass Above 50-Day Moving Average - What's Next?

Hemisphere Energy logo with Energy background

Hemisphere Energy Co. (CVE:HME - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.84 and traded as high as C$1.94. Hemisphere Energy shares last traded at C$1.90, with a volume of 287,867 shares trading hands.

Hemisphere Energy Price Performance

The firm has a market capitalization of C$182.32 million, a price-to-earnings ratio of 6.21 and a beta of 1.95. The company's 50 day moving average is C$1.84 and its 200 day moving average is C$1.83. The company has a quick ratio of 0.74, a current ratio of 2.15 and a debt-to-equity ratio of 5.65.

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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