Shares of Hempalta Corp. (CVE:HEMP – Get Free Report) dropped 20% on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 114,000 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 119,310 shares. The stock had previously closed at C$0.05.
Hempalta Price Performance
The company has a market cap of C$3.80 million, a P/E ratio of -0.32 and a beta of -0.10. The firm’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.11. The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88.
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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