Hempalta (CVE:HEMP) Shares Down 18.2% – Should You Sell?

Hempalta Corp. (CVE:HEMP)’s stock price fell 18.2% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.05. 152,000 shares changed hands during mid-day trading, an increase of 227% from the average session volume of 46,502 shares. The stock had previously closed at C$0.06.

Hempalta Stock Down 18.2%

The firm’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The company has a market cap of C$4.27 million, a P/E 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

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.