Hempalta (CVE:HEMP) Sets New 12-Month Low – Here’s Why

Hempalta Corp. (CVE:HEMPGet Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05, with a volume of 333050 shares changing hands. The stock had previously closed at C$0.05.

Hempalta Price Performance

The company has a market capitalization of C$5.22 million, a P/E ratio of -0.44 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. The company’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.10.

Hempalta Company Profile

(Get Free Report)

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.

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