Hempalta (CVE:HEMP) Sets New 52-Week Low – Here’s Why

Hempalta Corp. (CVE:HEMPGet Free Report)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 103020 shares trading hands. The stock had previously closed at C$0.04.

Hempalta Stock Performance

The firm has a market capitalization of C$3.80 million, a price-to-earnings ratio of -0.32 and a beta of -0.10. The business’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.16. The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88.

About Hempalta

(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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