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Enhanced oil recovery focused Hemisphere Energy Corp.’s (HME-X) first-quarter production was 3,133 barrels of oil equivalent. Hemisphere will pay a special dividend of 3 cents per share on July 26 to shareholders of record on July 12. The dividend is in addition to the quarterly dividend of $0.025 per share paid in June. Last month, director Gregg Vernon bought 79,800 shares at an average price of $1.70. Five insiders also accumulated a total of 1,256,400 shares via options with an average exercise price of 95 cents (not shown on chart).
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.