Hempalta (CVE:HEMP) Shares Up 33.3% – Here’s Why

Hempalta Corp. (CVE:HEMP) shares shot up 33.3% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06. 182,500 shares traded hands during trading, an increase of 77% from the average session volume of 103,117 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 cap of C$5.70 million, a P/E ratio of -0.48 and a beta of -0.10. The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.09.

Insider Activity at Hempalta

In related news, Director Darren Hartley Bondar sold 453,000 shares of Hempalta 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. Over the last quarter, insiders purchased 610,474 shares of company stock worth $27,499. 27.90% of the stock is 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.