Shares of Hempalta Corp. (CVE:HEMP – Get Free Report) were up 63.6% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 120,000 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 315,525 shares. The stock had previously closed at C$0.06.
Hempalta Price Performance
The stock has a market cap of C$5.22 million, a P/E ratio of -0.44 and a beta of -0.10. The company has a current ratio of 3.99, a quick ratio of 0.88 and a debt-to-equity ratio of 28.72. The company’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.10.
Insiders Place Their Bets
In other news, Director Darren Hartley Bondar sold 453,000 shares of Hempalta 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 purchased 870,474 shares of company stock worth $37,899 over the last three months. 27.90% of the stock is currently owned by corporate insiders.
About Hempalta
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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