Palamina (CVE:PA) Stock Price Up 30.3% – Here’s Why

Palamina Corp. (CVE:PAGet Free Report) rose 30.3% on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares traded hands during 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 firm has a market capitalization of C$18.16 million, a PE ratio of -7.17 and a beta of 1.99. The stock has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.13.

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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