Hemisphere Energy (CVE:HME) Given New C$1.90 Price Target at ATB Capital

Hemisphere Energy (CVE:HME) had its target price increased by ATB Capital from C$1.80 to C$1.90 in a report issued on Friday, BayStreet.CA reports. ATB Capital’s price target points to a potential upside of 12.43% from the company’s previous close.

Hemisphere Energy Trading Down 0.6 %

Hemisphere Energy stock traded down C$0.01 during trading hours on Friday, reaching C$1.69. The stock had a trading volume of 10,205 shares, compared to its average volume of 113,913. The stock has a market cap of C$167.88 million, a PE ratio of 7.35 and a beta of 2.09. Hemisphere Energy has a 52 week low of C$1.18 and a 52 week high of C$1.74. The company has a debt-to-equity ratio of 5.60, a current ratio of 1.07 and a quick ratio of 0.74. The company has a fifty day simple moving average of C$1.57 and a 200-day simple moving average of C$1.39.

Insiders Place Their Bets

In other news, Senior Officer Andrew John Arthur bought 30,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was acquired at an average cost of C$1.25 per share, with a total value of C$37,500.00. Corporate insiders own 7.15% of the company’s stock.

Hemisphere Energy Company Profile

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.