Hempalta (CVE:HEMP) Stock Price Up 33.3% – Still a Buy?

Shares of Hempalta Corp. (CVE:HEMP) rose 33.3% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.06. Approximately 182,500 shares traded hands 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 Up 33.3 %

The stock has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.09. The firm has a market capitalization of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10. The company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72.

Insider Buying and Selling

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 value of C$26,274.00. Over the last quarter, insiders have acquired 610,474 shares of company stock worth $27,499. 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.