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

Hempalta Corp. (CVE:HEMP)’s share price shot up 33.3% on Friday . The stock traded as high as C$0.07 and last traded at C$0.06. 182,500 shares were traded during 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 Up 33.3 %

The company has a market capitalization of C$5.70 million, a price-to-earnings ratio of -0.48 and a beta of -0.10. The firm’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.09. The company has a current ratio of 3.99, a quick ratio of 0.88 and a debt-to-equity ratio of 28.72.

Insiders Place Their Bets

In related news, Director Darren Hartley Bondar sold 453,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$0.06, for a total value of C$26,274.00. Insiders have acquired a total of 610,474 shares of company stock worth $27,499 in the last quarter. 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.