Palamina (CVE:PA) Hits New 52-Week Low – Should You Sell?

by · The Markets Daily

Palamina Corp. (CVE:PA – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 60800 shares changing hands. The stock had previously closed at C$0.17.

Palamina Stock Performance

The stock has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.16. The firm has a market capitalization of C$10.26 million, a P/E ratio of -2.75 and a beta of 0.72. The company has a debt-to-equity ratio of -63.74, a quick ratio of 1.30 and a current ratio of 0.37.

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.

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