Hempalta (CVE:HEMP) Hits New 12-Month Low – What’s Next?

Shares of Hempalta Corp. (CVE:HEMPGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05, with a volume of 333050 shares traded. The stock had previously closed at C$0.05.

Hempalta Stock Down 8.3 %

The firm’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.10. 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 company has a market capitalization of C$5.22 million, a price-to-earnings ratio of -0.44 and a beta of -0.10.

Insider Activity at Hempalta

In related news, Director Darren Hartley Bondar sold 453,000 shares of the firm’s stock in a transaction dated 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 three months, insiders have acquired 870,474 shares of company stock worth $37,899. Insiders own 27.90% of the company’s stock.

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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