Hemisphere Energy (CVE:HME) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Hemisphere Energy Co. (CVE:HMEGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.08 and traded as high as C$2.12. Hemisphere Energy shares last traded at C$2.12, with a volume of 22,139 shares traded.

Hemisphere Energy Price Performance

The company’s fifty day moving average is C$2.08 and its 200 day moving average is C$1.93. The firm has a market cap of C$201.28 million, a price-to-earnings ratio of 6.61 and a beta of 0.37. The company has a quick ratio of 0.74, a current ratio of 2.15 and a debt-to-equity ratio of 5.65.

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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