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

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

Hempalta Stock Up 33.3 %

The firm has a market capitalization of C$5.70 million, a price-to-earnings ratio of -0.48 and a beta of -0.10. 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 quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72.

Insider Buying and Selling

In related news, Director Darren Hartley Bondar sold 453,000 shares of Hempalta stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$0.06, for a total value of C$26,274.00. Over the last three months, insiders bought 610,474 shares of company stock worth $27,499. Corporate 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.