Hempalta (CVE:HEMP) Trading 33.3% Higher – Here’s What Happened

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 traded hands 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 company’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.09. The stock has a market capitalization of C$5.70 million, a price-to-earnings 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.

Insiders Place Their Bets

In other Hempalta news, Director Darren Hartley Bondar sold 453,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$0.06, for a total transaction of C$26,274.00. In the last three months, insiders have purchased 610,474 shares of company stock valued at $27,499. 27.90% of the stock is currently owned by company 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.