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

Hempalta Corp. (CVE:HEMP) shares traded up 33.3% on Friday . The company traded as high as C$0.07 and last traded at C$0.06. 182,500 shares were traded 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 Performance

The stock has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.09. 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 company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88.

Insider Activity

In other news, Director Darren Hartley Bondar sold 453,000 shares of Hempalta stock in a transaction that occurred 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. Over the last 90 days, insiders have acquired 610,474 shares of company stock valued at $27,499. 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.