Hempalta (CVE:HEMP) Hits New 1-Year Low – Should You Sell?

Hempalta Corp. (CVE:HEMP) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 7000 shares traded. The stock had previously closed at C$0.01.

Hempalta Stock Performance

The stock’s 50 day moving average price is C$0.01 and its 200 day moving average price is C$0.02. The company has a debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99. The company has a market capitalization of C$1.12 million, a P/E ratio of -0.20 and a beta of 2.19.

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. The company was formerly known as Trail Blazing Ventures Ltd and changed its name to Hempalta Corp. in March 2024. Hempalta Corp. is based in Calgary, Canada.