Hemisphere Energy Co. (CVE:HME – Get Rating)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.33 and traded as high as C$1.36. Hemisphere Energy shares last traded at C$1.33, with a volume of 104,560 shares trading hands.
Analyst Upgrades and Downgrades
Separately, ATB Capital set a C$1.45 price target on shares of Hemisphere Energy and gave the company an “outperform” rating in a research note on Thursday, October 27th.
Hemisphere Energy Price Performance
The company’s 50 day moving average price is C$1.33 and its 200-day moving average price is C$1.46. The stock has a market cap of C$136.19 million and a P/E ratio of 6.05. The company has a quick ratio of 0.74, a current ratio of 0.89 and a debt-to-equity ratio of 8.12.
In other news, Director Frank Stephen Borowicz sold 46,500 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of C$1.37, for a total transaction of C$63,705.00. Following the completion of the sale, the director now directly owns 495,500 shares in the company, valued at C$678,835. Over the last 90 days, insiders sold 101,800 shares of company stock valued at $148,943.
About Hemisphere Energy
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.
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