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Hemisphere Energy (CVE:HME) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Hemisphere Energy logo with Energy background

Hemisphere Energy Co. (CVE:HME - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.84 and traded as low as C$1.78. Hemisphere Energy shares last traded at C$1.83, with a volume of 58,300 shares.

Hemisphere Energy Price Performance

The stock has a market capitalization of C$178.40 million, a P/E ratio of 6.07 and a beta of 1.95. The business's 50 day simple moving average is C$1.82 and its two-hundred 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.

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.

Further Reading

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