Hemisphere Energy (CVE:HME) Price Target Increased to C$1.90 by Analysts at ATB Capital

Hemisphere Energy (CVE:HME) had its price objective lifted by ATB Capital from C$1.80 to C$1.90 in a research note released on Friday morning, BayStreet.CA reports.

Hemisphere Energy Stock Performance

Shares of HME opened at C$1.74 on Friday. The stock has a market capitalization of C$172.85 million, a P/E ratio of 7.57 and a beta of 2.09. The firm’s fifty day simple moving average is C$1.57 and its two-hundred day simple moving average is C$1.39. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 5.60. Hemisphere Energy has a 12 month low of C$1.18 and a 12 month high of C$1.74.

Insider Transactions at Hemisphere Energy

In related news, Senior Officer Andrew John Arthur acquired 30,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were bought at an average price of C$1.25 per share, with a total value of C$37,500.00. Insiders own 7.15% of the company’s stock.

About Hemisphere Energy

Hemisphere Energy Corporation acquires, explores for, 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; and Jenner property situated in southeastern Alberta. The company was formerly known as Northern Hemisphere Development Corp.