Hemisphere Energy (CVE:HME) Trading Down 15.4% – Here’s What Happened

Hemisphere Energy Co. (CVE:HMEGet Free Report) fell 15.4% during trading on Thursday . The company traded as low as C$1.86 and last traded at C$2.19. 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 Stock Down 0.9%

The firm has a market capitalization of C$210.48 million, a price-to-earnings ratio of 6.56 and a beta of 0.05. The business’s 50 day moving average is C$2.55 and its 200-day moving average is C$2.63. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.73 and a current ratio of 3.40.

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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