Hempalta Corp. (CVE:HEMP – Get Free Report) shares were up 33.3% on Friday . The stock traded as high as C$0.07 and last traded at C$0.06. Approximately 182,500 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 103,117 shares. The stock had previously closed at C$0.05.
Hempalta Stock Performance
The company’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.09. The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88. The firm has a market capitalization of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10.
Insider Activity at Hempalta
In related news, Director Darren Hartley Bondar sold 453,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$0.06, for a total transaction of C$26,274.00. In the last ninety days, insiders acquired 610,474 shares of company stock worth $27,499. Corporate insiders own 27.90% of the company’s stock.
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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