Palamina (CVE:PA) Trading 30.3% Higher – Still a Buy?

by · The Markets Daily

Shares of Palamina Corp. (CVE:PA – Get Free Report) were up 30.3% during 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 Stock Performance

The firm has a market cap of C$18.16 million, a P/E ratio of -7.17 and a beta of 1.99. The firm has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.13.

Palamina Company Profile

(Get Free Report)

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.

Featured Stories