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

Hemisphere Energy Co. (CVE:HMEGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.82 and traded as low as C$1.82. Hemisphere Energy shares last traded at C$1.84, with a volume of 205,913 shares traded.

Hemisphere Energy Price Performance

The company has a market cap of C$180.80 million, a price-to-earnings ratio of 6.34 and a beta of 1.95. The company’s 50 day moving average price is C$1.84 and its 200 day moving average price is C$1.82. The company has a current ratio of 3.98, a quick ratio of 0.74 and a debt-to-equity ratio of 4.35.

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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