Hemisphere Energy (CVE:HME) Shares Pass Above Fifty Day Moving Average – Here’s Why

Hemisphere Energy Co. (CVE:HMEGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.81 and traded as high as C$2.88. Hemisphere Energy shares last traded at C$2.83, with a volume of 111,212 shares trading hands.

Hemisphere Energy Price Performance

The company has a debt-to-equity ratio of 3.21, a current ratio of 2.55 and a quick ratio of 0.74. The stock has a 50 day moving average price of C$2.82 and a two-hundred day moving average price of C$2.37. The firm has a market capitalization of C$275.61 million, a price-to-earnings ratio of 10.43 and a beta of 0.08.

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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