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

Palamina Corp. (CVE:PAGet Free Report)’s stock price traded up 30.3% on Saturday . The company traded as high as C$0.22 and last traded at C$0.22. 687,311 shares changed hands 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 Price Performance

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

About Palamina

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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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