Hemisphere Energy (CVE:HME) Shares Pass Above Fifty Day Moving Average – What’s Next?

Hemisphere Energy Co. (CVE:HME)’s stock price crossed 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 changing hands.

Hemisphere Energy Stock Up 4.4 %

The business has a fifty day moving average price of C$1.84 and a two-hundred day moving average price of C$1.83. The company has a current ratio of 3.98, a quick ratio of 0.74 and a debt-to-equity ratio of 4.35. The company has a market cap of C$186.69 million, a price-to-earnings ratio of 6.55 and a beta of 1.95.

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.