Hempalta Corp. (CVE:HEMP – Get Free Report) rose 33.3% during mid-day trading on Thursday . The company 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 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 company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72. The business has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.09.
Insiders Place Their Bets
In related news, Director Darren Hartley Bondar sold 453,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$0.06, for a total transaction of C$26,274.00. In the last quarter, insiders have purchased 610,474 shares of company stock worth $27,499. Company 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.
Featured Stories
- Five stocks we like better than Hempalta
- How is Compound Interest Calculated?
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- Why Invest in High-Yield Dividend Stocks?
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Hempalta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hempalta and related companies with MarketBeat.com's FREE daily email newsletter.
