Hemisphere Energy (CVE:HME) Stock Passes Above 50 Day Moving Average – Here’s Why

Hemisphere Energy Co. (CVE:HME) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.03 and traded as high as C$2.05. Hemisphere Energy shares last traded at C$2.05, with a volume of 128,331 shares trading hands.

Hemisphere Energy Price Performance

The company has a debt-to-equity ratio of 5.65, a current ratio of 2.15 and a quick ratio of 0.74. The stock’s 50 day simple moving average is C$2.03 and its two-hundred day simple moving average is C$2.03. The stock has a market cap of C$193.99 million, a price-to-earnings ratio of 6.83 and a beta of 0.26.

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.