Hempalta (CVE:HEMP) Stock Price Up 33.3% – Here’s What Happened

Hempalta Corp. (CVE:HEMP) rose 33.3% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06. Approximately 166,500 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 101,579 shares. The stock had previously closed at C$0.05.

Hempalta Price Performance

The company has a debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99. The stock has a market capitalization of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10. The company’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.09.

Insider Transactions at Hempalta

In other news, Director Darren Hartley Bondar sold 453,000 shares of the business’s stock in a transaction that occurred 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. Insiders acquired a total of 610,474 shares of company stock valued at $27,499 in the last ninety days. 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.