Hemisphere Energy (CVE:HME) Insider Acquires 28,400 Shares of Company Stock

Hemisphere Energy Co. (CVE:HME) insider Ashley Ramsden-Wood purchased 28,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average cost of C$2.27 per share, for a total transaction of C$64,468.00. Following the purchase, the insider owned 2,378,200 shares in the company, valued at C$5,398,514. This represents a 1.21% increase in their ownership of the stock.

Ashley Ramsden-Wood also recently made the following trade(s):

• On Thursday, November 5th, Ashley Ramsden-Wood acquired 26,600 shares of Hemisphere Energy stock. The shares were bought at an average cost of C$2.25 per share, with a total value of C$59,850.00.

Hemisphere Energy Price Performance

Shares of CVE:HME traded down C$0.06 on Monday, hitting C$2.22. The stock had a trading volume of 136,271 shares, compared to its average volume of 203,796. Hemisphere Energy Co. has a twelve month low of C$1.83 and a twelve month high of C$3.08. The company has a market capitalization of C$209.24 million, a price-to-earnings ratio of 6.53 and a beta of 0.05. The firm’s 50 day moving average price is C$2.26 and its 200-day moving average price is C$2.50. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.73 and a current ratio of 3.40.

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. Hemisphere Energy Corporation was founded in 1977 and is headquartered in Vancouver, Canada.