Hempalta (CVE:HEMP) Trading 33.3% Higher – Time to Buy?

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

Hempalta Trading Up 44.4 %

The business’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.09. 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 has a market capitalization of C$6.17 million, a price-to-earnings ratio of -0.52 and a beta of -0.10.

Insider Transactions at Hempalta

In other Hempalta news, Director Darren Hartley Bondar sold 453,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$0.06, for a total transaction of C$26,274.00. In the last 90 days, insiders have bought 610,474 shares of company stock worth $27,499. Company 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.