Hempalta (CVE:HEMP) Stock Price Down 20% – Here’s What Happened

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

Hempalta Stock Down 20.0 %

The business has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.11. 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 firm has a market cap of C$3.80 million, a P/E 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.