Palamina (CVE:PA) Trading 30.3% Higher – Here’s Why

by · The Markets Daily

Palamina Corp. (CVE:PA – Get Free Report) shares were up 30.3% during mid-day trading on Saturday . The stock 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 Trading Up 30.3%

The company has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.13. The stock has a market cap of C$18.16 million, a P/E 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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