Hemisphere Energy Co. (CVE:HME – Get Free Report)’s share price dropped 15.4% during mid-day trading on Thursday . The company traded as low as C$1.86 and last traded at C$2.19. 1,388,316 shares changed hands during mid-day trading, an increase of 520% from the average daily volume of 223,773 shares. The stock had previously closed at C$2.59.
Hemisphere Energy Stock Down 15.8%
The company has a current ratio of 3.40, a quick ratio of 0.73 and a debt-to-equity ratio of 2.87. The company has a market capitalization of C$205.76 million, a P/E ratio of 6.41 and a beta of 0.05. The firm’s 50 day moving average price is C$2.56 and its two-hundred day moving average price is C$2.63.
About Hemisphere Energy
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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