Palamina (CVE:PA) Hits New 12-Month Low – Time to Sell?

Palamina Corp. (CVE:PAGet Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 99000 shares traded. The stock had previously closed at C$0.10.

Palamina Stock Performance

The company has a market capitalization of C$6.48 million, a P/E ratio of -3.30 and a beta of 2.38. The business’s fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.14.

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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