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

Hemisphere Energy Co. (CVE:HME)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.82 and traded as low as C$1.82. Hemisphere Energy shares last traded at C$1.83, with a volume of 115,110 shares trading hands.

Hemisphere Energy Stock Down 1.1 %

The firm has a market cap of C$179.82 million, a PE ratio of 6.31 and a beta of 1.95. The company has a current ratio of 3.98, a quick ratio of 0.74 and a debt-to-equity ratio of 4.35. The stock has a fifty day simple moving average of C$1.85 and a two-hundred day simple moving average of C$1.82.

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.