Hempalta (CVE:HEMP) Shares Down 18.2% – Time to Sell?

Hempalta Corp. (CVE:HEMPGet Free Report)’s share price traded down 18.2% during mid-day trading on Saturday . The stock traded as low as C$0.05 and last traded at C$0.05. 193,000 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 46,818 shares. The stock had previously closed at C$0.06.

Hempalta Stock Down 18.2%

The company’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.05. The company 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 debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99.

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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