Hempalta (CVE:HEMP) Trading Up 63.6% – Still a Buy?

Hempalta Corp. (CVE:HEMP) rose 63.6% during mid-day trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 120,000 shares were traded during trading, a decline of 62% from the average daily volume of 315,525 shares. The stock had previously closed at C$0.06.

Hempalta Trading Down 8.3 %

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 stock has a market cap of C$5.22 million, a P/E ratio of -0.44 and a beta of -0.10. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.10.

Insider Activity

In related news, Director Darren Hartley Bondar sold 453,000 shares of Hempalta stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$0.06, for a total value of C$26,274.00. Insiders have purchased 870,474 shares of company stock valued at $37,899 over the last three months. 27.90% of the stock is 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.