Hemisphere Energy (CVE:HME) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Hemisphere Energy Co. (CVE:HMEGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.84 and traded as low as C$1.78. Hemisphere Energy shares last traded at C$1.83, with a volume of 58,300 shares changing 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 company’s 50-day moving average price is C$1.83 and its 200-day moving average price is C$1.84. The company has a market cap of C$179.38 million, a P/E ratio of 6.11 and a beta of 1.95.

Hemisphere Energy Company Profile

(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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