Hemisphere Energy (CVE:HME) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Hemisphere Energy Co. (CVE:HMEGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.85 and traded as low as C$1.65. Hemisphere Energy shares last traded at C$1.76, with a volume of 365,559 shares traded.

Hemisphere Energy Price Performance

The company has a market cap of C$172.52 million, a price-to-earnings ratio of 5.87 and a beta of 1.95. 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$1.82 and a two-hundred day moving average price of C$1.85.

About Hemisphere Energy

(Get Free Report)

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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