Hempalta (CVE:HEMP) Trading Up 33.3% – Still a Buy?

Hempalta Corp. (CVE:HEMP) shares were up 33.3% during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 150,000 shares were traded during trading, an increase of 50% from the average daily volume of 99,771 shares. The stock had previously closed at C$0.05.

Hempalta Trading Up 33.3 %

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 fifty day moving average of C$0.05 and a 200 day moving average of C$0.09. The company has a market capitalization of C$5.70 million, a PE ratio of -0.48 and a beta of -0.10.

Insider Transactions at Hempalta

In other Hempalta 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. Over the last quarter, insiders have purchased 610,474 shares of company stock valued at $27,499. 27.90% of the stock is currently owned by corporate 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.