Hempalta (CVE:HEMP) Stock Price Down 18.2% – Here’s What Happened

Shares of Hempalta Corp. (CVE:HEMPGet Free Report) traded down 18.2% on Saturday . The company traded as low as C$0.05 and last traded at C$0.05. 193,000 shares were traded during trading, an increase of 312% from the average session volume of 46,818 shares. The stock had previously closed at C$0.06.

Hempalta Price Performance

The business has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The company has a current ratio of 3.99, a quick ratio of 0.88 and a debt-to-equity ratio of 28.72. The stock has a market cap of C$4.27 million, a PE ratio of -0.36 and a beta of -0.10.

Hempalta Company Profile

(Get Free Report)

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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