Hemp Inc (OTCMKTS:HEMP) Changes Direction

[[tagnumber 0]][[tagnumber 1]]The bad performance of Hemp Inc (OTCMKTS:HEMP) was seen throughout most of last week and we saw the ticker drop to a new 52–week low of $0.54 per share after it fell 10% in Thursday’s sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This wasn’t surprising as we see that the construction of their decortication facility is still not finished and the market cap of the company stock is quite big even after all that sliding down the charts. This is especially true when you take a quick look at the numbers that [[tagnumber 6]]HEMP[[tagnumber 7]] had to show in its report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $176 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $907 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.5 million[[tagnumber 13]] [[tagnumber 12]]sales: $33 thousand[[tagnumber 13]] [[tagnumber 12]]net loss: $1.14 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has been busy issuing press releases, videos and regular updates on the progress that they are marking, but it doesn’t seem to pay off very often. In fact, the ticker often moves by itself and changes directions without a reason.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is exactly what happened when the ticker added 5.56% to its price and closed at $0.057 without any obvious reason. Trading was similar to that of the previous day and the 2.9 million shares that changed their owners generated $159 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Without any other news we see that [[tagnumber 6]]HEMP[[tagnumber 7]] is headed up in today’s session as well. The ticker is sitting 7.02% up at $0.061 as of the writing of this article and the trading is slow. Considering the fact that the ticker moves by itself is a warning to you  to weigh out all risks before making any trading decisions.[[tagnumber 2]]