Hemisphere Energy (CVE:HME) Shares Cross Below 200-Day Moving Average – Should You Sell?

Hemisphere Energy Co. (CVE:HMEGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Hemisphere Energy Price Performance

The firm has a market cap of C$178.40 million, a PE ratio of 6.07 and a beta of 1.95. 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 firm has a 50-day simple moving average of C$1.83 and a 200 day simple moving average of C$1.84.

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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