Hemisphere Energy (CVE:HME) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Hemisphere Energy Co. (CVE:HMEGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.84 and traded as low as C$1.81. Hemisphere Energy shares last traded at C$1.83, with a volume of 15,627 shares.

Hemisphere Energy Stock Performance

The stock’s 50-day moving average is C$1.82 and its 200 day moving average is C$1.84. The stock has a market cap of C$178.40 million, a price-to-earnings 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.

About Hemisphere Energy

(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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