Shares of Hempalta Corp. (CVE:HEMP – Get Free Report) dropped 20% during mid-day trading on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 8,000 shares were traded during trading, a decline of 21% from the average daily volume of 10,086 shares. The stock had previously closed at C$0.15.
Hempalta Price Performance
The stock has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.33. The company has a market cap of C$11.39 million, a PE ratio of -0.96 and a beta of 0.19. The company has a quick ratio of 0.88, a current ratio of 5.18 and a debt-to-equity ratio of 38.03.
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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