Palamina (CVE:PA) Trading 30.3% Higher – Time to Buy?

by · The Markets Daily

Palamina Corp. (CVE:PA – Get Free Report) traded up 30.3% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. 687,311 shares changed hands during mid-day trading, an increase of 540% from the average session volume of 107,476 shares. The stock had previously closed at C$0.17.

Palamina Stock Up 30.3%

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

About Palamina

(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.

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