Hempalta (CVE:HEMP) Trading 33.3% Higher – Still a Buy?

Hempalta Corp. (CVE:HEMP) shares were up 33.3% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 150,000 shares traded hands during trading, an increase of 50% from the average daily volume of 99,771 shares. The stock had previously closed at C$0.05.

Hempalta Stock 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 market cap of C$6.17 million, a P/E ratio of -0.52 and a beta of -0.10. The stock’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.09.

Insider Transactions at Hempalta

In other Hempalta news, Director Darren Hartley Bondar sold 453,000 shares of the stock in a transaction 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 purchased 610,474 shares of company stock valued at $27,499 over 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.