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 company’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average cost of C$2.27 per share, for a total transaction of C$64,468.00. Following the completion of the transaction, the insider owned 2,378,200 shares in the company, valued at approximately C$5,398,514. This trade 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 bought 26,600 shares of Hemisphere Energy stock. The shares were bought at an average cost of C$2.25 per share, for a total transaction of C$59,850.00.

Hemisphere Energy Stock Performance

Shares of HME traded down C$0.06 during trading hours on Monday, reaching C$2.22. 136,271 shares of the company traded hands, compared to its average volume of 203,796. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.73 and a current ratio of 3.40. The stock’s fifty day moving average is C$2.26 and its 200 day moving average is C$2.50. Hemisphere Energy Co. has a 1-year low of C$1.83 and a 1-year high of C$3.08. The stock has a market cap of C$209.24 million, a P/E ratio of 6.53 and a beta of 0.05.

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.