Hemisphere Energy (CVE:HME) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Hemisphere Energy Co. (CVE:HMEGet Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.03 and traded as high as C$2.05. Hemisphere Energy shares last traded at C$2.05, with a volume of 128,331 shares.

Hemisphere Energy Stock 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 firm has a 50 day moving average price of C$2.03 and a two-hundred day moving average price of C$2.03. The company has a market capitalization of C$193.99 million, a P/E ratio of 6.83 and a beta of 0.26.

About Hemisphere Energy

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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.

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