Hempalta (CVE:HEMP) Stock Price Up 44.4% – Here’s What Happened

Hempalta Corp. (CVE:HEMP)’s share price rose 44.4% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 162,500 shares traded hands during trading, an increase of 60% from the average daily volume of 101,579 shares. The stock had previously closed at C$0.05.

Hempalta Price Performance

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

Insider Buying and Selling

In related news, Director Darren Hartley Bondar sold 453,000 shares of the firm’s stock in a transaction that occurred 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. Insiders have purchased a total of 610,474 shares of company stock worth $27,499 in the last ninety days. 27.90% of the stock is owned by 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.