Hempalta (CVE:HEMP) Trading Down 20% – Here’s What Happened

Hempalta Corp. (CVE:HEMP) shares traded down 20% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 114,000 shares were traded during mid-day trading, a decline of 4% from the average session volume of 119,310 shares. The stock had previously closed at C$0.05.

Hempalta Stock Performance

The firm’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.11. The firm has a market cap of C$3.80 million, a price-to-earnings ratio of -0.32 and a beta of -0.10. The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88.

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.