Hempalta (CVE:HEMP) Shares Down 20% – Here’s Why

Hempalta Corp. (CVE:HEMP)’s share price was down 20% on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 114,000 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 119,310 shares. The stock had previously closed at C$0.05.

Hempalta Trading Down 20.0 %

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 business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.11. The company has a market cap of C$3.80 million, a PE ratio of -0.32 and a beta of -0.10.

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.