Hempalta (CVE:HEMP) Hits New 12-Month Low – Here’s Why

Hempalta Corp. (CVE:HEMPGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02, with a volume of 35701 shares. The stock had previously closed at C$0.02.

Hempalta Stock Up 33.3%

The company has a debt-to-equity ratio of 28.72, a current ratio of 3.99 and a quick ratio of 0.88. The business’s fifty day moving average price is C$0.01 and its two-hundred day moving average price is C$0.02. The stock has a market capitalization of C$2.24 million, a PE ratio of -0.40 and a beta of 2.19.

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. 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.

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