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

Hemisphere Energy Co. (CVE:HMEGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.84 and traded as low as C$1.76. Hemisphere Energy shares last traded at C$1.79, with a volume of 308,092 shares.

Hemisphere Energy Trading Down 3.2 %

The company has a quick ratio of 0.74, a current ratio of 2.15 and a debt-to-equity ratio of 5.65. The company has a fifty day moving average of C$1.84 and a two-hundred day moving average of C$1.84. The stock has a market capitalization of C$175.46 million, a price-to-earnings ratio of 5.97 and a beta of 1.95.

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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