Hemisphere Energy (CVE:HME) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Hemisphere Energy Co. (CVE:HME)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Hemisphere Energy Trading Down 1.7 %

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

Hemisphere Energy Company Profile

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.