Hempalta (CVE:HEMP) Trading Up 12.5% – Here’s What Happened

Hempalta Corp. (CVE:HEMP) shares traded up 12.5% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 484,080 shares changed hands during mid-day trading, an increase of 302% from the average session volume of 120,314 shares. The stock had previously closed at C$0.04.

Hempalta Stock Performance

The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.11. The company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72. The company has a market cap of C$3.80 million, a PE ratio of -0.32 and a beta of -0.10.

Hempalta Company Profile

Hempalta Corp., an agricultural cleantech company, produces and processes industrial hemp in North America. It manufactures products using a process known as HempTrain that enables to produce a range of hemp-based commercial and consumer products. The company also engages in the hemp carbon credit market.