Hemisphere Energy (CVE:HME) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Hemisphere Energy Co. (CVE:HMEGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.12 and traded as high as C$2.20. Hemisphere Energy shares last traded at C$2.20, with a volume of 38,218 shares traded.

Hemisphere Energy Price Performance

The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 5.65. The company has a fifty day moving average price of C$2.12 and a two-hundred day moving average price of C$1.96. The company has a market cap of C$209.37 million, a price-to-earnings ratio of 6.88 and a beta of 0.33.

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.

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