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

by · The Markets Daily

Palamina Corp. (CVE:PA – Get Free Report)’s share price traded up 30.3% during mid-day trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. 687,311 shares were traded during 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 Performance

The business’s 50-day moving average is C$0.14 and its two-hundred day moving average is C$0.13. The firm has a market capitalization of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99.

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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