Shares of Hempalta Corp. (CVE:HEMP – Get Free Report) shot up 33.3% on Thursday . The company traded as high as C$0.07 and last traded at C$0.06. 182,500 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 103,117 shares. The stock had previously closed at C$0.05.
Hempalta Stock Performance
The company has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.09. The company has a market cap of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10. The company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72.
Insiders Place Their Bets
In other Hempalta news, Director Darren Hartley Bondar sold 453,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$0.06, for a total value of C$26,274.00. In the last ninety days, insiders bought 610,474 shares of company stock valued at $27,499. Corporate insiders own 27.90% of the company’s stock.
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.
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