Hempalta (CVE:HEMP) Sets New 52-Week Low – What’s Next?

Hempalta Corp. (CVE:HEMPGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 37300 shares changing hands. The stock had previously closed at C$0.02.

Hempalta Price Performance

The company’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.04. The company has a current ratio of 3.99, a quick ratio of 0.88 and a debt-to-equity ratio of 28.72. The firm has a market capitalization of C$1.90 million, a price-to-earnings ratio of -0.20 and a beta of 2.19.

Hempalta Company Profile

(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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