Hempalta (CVE:HEMP) Shares Down 6.5%

Shares of Hempalta Corp. (CVE:HEMP) fell 6.5% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. 2,500 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 11,939 shares. The stock had previously closed at C$0.16.

Hempalta Stock Down 6.5 %

The company has a quick ratio of 0.88, a current ratio of 0.75 and a debt-to-equity ratio of 195.38. The business has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.43. The firm has a market capitalization of C$13.77 million, a PE ratio of -1.16 and a beta of 0.10.

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.