Hempalta Corp. (CVE:HEMP – Get Free Report)’s stock price dropped 18.2% during mid-day trading on Saturday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 193,000 shares traded hands during trading, an increase of 312% from the average daily volume of 46,818 shares. The stock had previously closed at C$0.06.
Hempalta Stock Performance
The stock has a market capitalization of C$4.27 million, a PE ratio of -0.36 and a beta of -0.10. The company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72. The stock has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.05.
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.
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