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

Shares of Hempalta Corp. (CVE:HEMP) shot up 33.3% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 152,500 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 100,809 shares. The stock had previously closed at C$0.05.

Hempalta Stock Up 33.3 %

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 company has a market capitalization of C$5.70 million, a price-to-earnings ratio of -0.48 and a beta of -0.10. The business’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.09.

Insider Activity

In other Hempalta news, Director Darren Hartley Bondar sold 453,000 shares of the firm’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 transaction of C$26,274.00. Insiders have purchased 610,474 shares of company stock valued at $27,499 over the last ninety days. 27.90% of the stock is currently owned by insiders.

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.