Hemisphere Energy (CVE:HME) Shares Cross Above 50-Day Moving Average of $1.33

Hemisphere Energy Co. (CVE:HME – Get Rating) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

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 Stock Performance

The firm has a market cap of C$136.19 million and a price-to-earnings ratio of 6.05. The stock’s 50 day moving average is C$1.33 and its 200 day moving average is C$1.46. The company has a current ratio of 0.89, a quick ratio of 0.74 and a debt-to-equity ratio of 8.12.

Hemisphere Energy (CVE:HME – Get Rating) last announced its quarterly earnings results on Thursday, November 17th. The company reported C$0.09 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. The company had revenue of C$23.67 million during the quarter. Analysts anticipate that Hemisphere Energy Co. will post 4.8900001 earnings per share for the current year.

Insiders Place Their Bets

In other Hemisphere Energy news, Director Frank Stephen Borowicz sold 46,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 495,500 shares in the company, valued at approximately C$678,835. Insiders have sold a total of 101,800 shares of company stock worth $148,943 in the last quarter.

Hemisphere Energy Company Profile

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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.