Hemisphere Energy (CVE:HME) Shares Down 15.4% – Here’s Why

Hemisphere Energy Co. (CVE:HMEGet Free Report) was down 15.4% during trading on Thursday . The stock traded as low as C$1.86 and last traded at C$2.19. Approximately 1,388,316 shares were traded during trading, an increase of 520% from the average daily volume of 223,773 shares. The stock had previously closed at C$2.59.

Hemisphere Energy Price Performance

The stock has a market cap of C$205.76 million, a price-to-earnings ratio of 6.41 and a beta of 0.05. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.73 and a current ratio of 3.40. The company has a 50-day simple moving average of C$2.56 and a two-hundred day simple moving average of C$2.63.

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. Hemisphere Energy Corporation was founded in 1977 and is headquartered in Vancouver, Canada.

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