Hemisphere Energy Corp (CVE:HME)’s stock price dropped 3.1% on Wednesday . The stock traded as low as C$0.16 and last traded at C$0.16, approximately 92,045 shares traded hands during mid-day trading. An increase of 22% from the average daily volume of 75,537 shares. The stock had previously closed at C$0.16.
The firm has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.14. The stock has a market cap of $14.38 million and a PE ratio of 8.16. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 180.35.
Hemisphere Energy (CVE:HME) last released its quarterly earnings results on Wednesday, August 21st. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$7.40 million during the quarter. Equities analysts forecast that Hemisphere Energy Corp will post 4.8900001 earnings per share for the current year.
Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Canada. It primarily owns a 100% working interest in 23,810 net acres of land in the Jenner area in southeastern Alberta; and a 100% working interest in 14,560 net acres of land in the Atlee Buffalo area in southeastern Alberta.
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