Palamina (CVE:PA) Trading Up 30.3% – What’s Next?

Shares of Palamina Corp. (CVE:PAGet Free Report) were up 30.3% during trading on Saturday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares traded hands during trading, an increase of 540% from the average daily volume of 107,476 shares. The stock had previously closed at C$0.17.

Palamina Stock Performance

The stock’s fifty day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.13. The company has a market cap of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99.

Palamina Company Profile

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Palamina Corp. engages in the exploration of mineral deposits in Peru and Mexico. It explores for gold, copper, and silver deposits. The company owns interests in the Usicayos, Panorama, Galena, Bendi, Cori, Yin Inca, Gaban, Yang, and Tinka projects located in Peru. Palamina Corp. was incorporated in 2015 and is headquartered in Toronto, Canada.

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