Hempalta (CVE:HEMP) Shares Up 33.3% – Here’s What Happened

Shares of Hempalta Corp. (CVE:HEMP) were up 33.3% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.06. Approximately 182,500 shares traded 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 Trading Up 33.3 %

The company’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.09. The company has a debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99. The company has a market cap of C$5.70 million, a price-to-earnings ratio of -0.48 and a beta of -0.10.

Insiders Place Their Bets

In other news, Director Darren Hartley Bondar sold 453,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$0.06, for a total value of C$26,274.00. Insiders purchased 610,474 shares of company stock valued at $27,499 over the last 90 days. 27.90% of the stock is currently owned by company insiders.

Hempalta Company Profile

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.