Palamina (CVE:PA) Shares Up 30.3% – Should You Buy?

Palamina Corp. (CVE:PAGet Free Report)’s stock price was up 30.3% during trading on Saturday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares were traded 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 Stock 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 price-to-earnings ratio of -7.17 and a beta of 1.99.

Palamina Company Profile

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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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