Hempalta Corp. (CVE:HEMP – Get Free Report) shares rose 33.3% on Friday . The company traded as high as C$0.07 and last traded at C$0.06. Approximately 182,500 shares were traded 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 Price Performance
The firm has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.09. The company has a market cap of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10. The company has a current ratio of 3.99, a quick ratio of 0.88 and a debt-to-equity ratio of 28.72.
Insider Activity
In related news, Director Darren Hartley Bondar sold 453,000 shares of the business’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 value of C$26,274.00. Insiders purchased 610,474 shares of company stock worth $27,499 over the last three months. 27.90% of the stock is currently owned by corporate 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.
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