Hempalta (CVE:HEMP) Trading Down 15.4% – Here’s Why

Hempalta Corp. (CVE:HEMP)’s stock price fell 15.4% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 108,001 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 63,778 shares. The stock had previously closed at C$0.07.

Hempalta Price Performance

The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.08. 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 stock has a market capitalization of C$5.70 million, a price-to-earnings ratio of -0.48 and a beta of -0.10.

Insider Transactions at Hempalta

In other 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 value of C$26,274.00. In the last quarter, insiders purchased 410,474 shares of company stock worth $19,499. 27.90% of the stock is owned by corporate insiders.

Hempalta Company Profile

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.