Palamina Corp. (CVE:PA – Get Free Report)’s stock price rose 30.3% during mid-day trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares changed hands during mid-day trading, an increase of 540% from the average daily volume of 107,476 shares. The stock had previously closed at C$0.17.
Palamina Price Performance
The stock has a market capitalization of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99. The firm’s fifty day moving average is C$0.14 and its 200-day moving average is C$0.13.
Palamina Company Profile
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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