Hempalta (CVE:HEMP) Shares Up 33.3% – Time to Buy?

Shares of Hempalta Corp. (CVE:HEMP) shot up 33.3% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.06. 182,500 shares changed hands 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 Price Performance

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 company has a market capitalization of C$5.70 million, a P/E ratio of -0.48 and a beta of -0.10. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.09.

Insider Buying and Selling at Hempalta

In other news, Director Darren Hartley Bondar sold 453,000 shares of the firm’s stock in a transaction 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 three months, insiders have purchased 610,474 shares of company stock worth $27,499. 27.90% of the stock is owned by 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.