Palamina Corp. (CVE:PA – Get Free Report)’s share price shot up 30.3% during mid-day trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. 687,311 shares changed hands during mid-day 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 company’s 50-day moving average price is C$0.14 and its two-hundred day moving average price is C$0.13. The company has a market capitalization of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99.
About Palamina
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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