Hempalta (CVE:HEMP) Stock Price Up 33.3% – Should You Buy?

Hempalta Corp. (CVE:HEMPGet Free Report)’s stock price was up 33.3% during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 152,500 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 100,809 shares. The stock had previously closed at C$0.05.

Hempalta Price Performance

The company has a debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99. The firm has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.09. The company has a market capitalization of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10.

Insider Activity

In related news, Director Darren Hartley Bondar sold 453,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$0.06, for a total transaction of C$26,274.00. Over the last 90 days, insiders have bought 610,474 shares of company stock worth $27,499. Company insiders own 27.90% of the company’s stock.

About Hempalta

(Get Free Report)

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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