Hemisphere Energy (CVE:HME) Shares Pass Below 200-Day Moving Average of $1.54

Hemisphere Energy Co. (CVE:HMEGet Rating)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.54 and traded as low as C$1.43. Hemisphere Energy shares last traded at C$1.45, with a volume of 78,419 shares changing hands.

Analyst Upgrades and Downgrades

Separately, ATB Capital set a C$1.45 price objective on shares of Hemisphere Energy and gave the stock an “outperform” rating in a research note on Thursday, October 27th.

Hemisphere Energy Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.74 and a debt-to-equity ratio of 8.12. The stock’s 50 day moving average price is C$1.46 and its two-hundred day moving average price is C$1.54. The firm has a market capitalization of C$149.51 million and a PE ratio of 8.53.

Insider Transactions at Hemisphere Energy

In other news, Director Frank Stephen Borowicz sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of C$1.55, for a total transaction of C$77,500.00. Following the completion of the transaction, the director now directly owns 592,000 shares of the company’s stock, valued at approximately C$917,600.

About Hemisphere Energy

(Get Rating)

Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Canada. It primarily owns a 100% working interest in 9,440 net acres of land in the Atlee Buffalo property located in southeastern Alberta; and a land position of 7,009 net acres in the Jenner property situated in southeastern Alberta.

Further Reading

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