Parallel Mining Corp. (CVE:PAL – Get Free Report) shares traded up 7.1% during mid-day trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. 180,200 shares were traded during trading, an increase of 337% from the average session volume of 41,250 shares. The stock had previously closed at C$0.14.
Parallel Mining Stock Performance
The business’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.15. The stock has a market cap of C$3.02 million and a PE ratio of -1.53. The company has a debt-to-equity ratio of 78.11, a quick ratio of 0.48 and a current ratio of 0.81.
Parallel Mining Company Profile
Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso.
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