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

Hemisphere Energy Co. (CVE:HME)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 53,513 shares changing hands.

Hemisphere Energy Price Performance

The stock has a fifty day moving average of C$1.84 and a 200-day moving average of C$1.82. The firm has a market capitalization of C$179.82 million, a P/E ratio of 6.31 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 3.98 and a debt-to-equity ratio of 4.35.

About Hemisphere Energy

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.