Shares of Palamina Corp. (CVE:PA – Get Free Report) were up 30.3% 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 Price Performance
The firm has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.13. The firm has a market capitalization of C$18.16 million, a PE ratio of -7.17 and a beta of 1.99.
Palamina Company Profile
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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