Hempalta (CVE:HEMP) Stock Price Up 33.3% – Should You Buy?

Hempalta Corp. (CVE:HEMP)’s stock price traded up 33.3% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.06. 182,500 shares were traded during mid-day trading, an increase of 77% from the average session volume of 103,117 shares. The stock had previously closed at C$0.05.

Hempalta Trading Up 33.3 %

The stock has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.09. The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88. The firm has a market cap of C$5.70 million, a P/E 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 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. In the last three months, insiders bought 610,474 shares of company stock worth $27,499. 27.90% of the stock is currently 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.