Shares of Hempalta Corp. (CVE:HEMP – Get Free Report) shot up 33.3% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06. 182,500 shares changed hands 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 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 company has a market capitalization of C$5.70 million, a P/E ratio of -0.48 and a beta of -0.10. The firm’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.09.
Insider Activity
In other news, Director Darren Hartley Bondar sold 453,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$0.06, for a total value of C$26,274.00. Over the last 90 days, insiders have acquired 610,474 shares of company stock valued at $27,499. 27.90% of the stock is currently owned by insiders.
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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