Palamina Corp. (CVE:PA – Get Free Report) shares were up 27.3% on Friday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 597,411 shares traded hands during mid-day trading, an increase of 574% from the average daily volume of 88,701 shares. The stock had previously closed at C$0.17.
Palamina Trading Up 30.3%
The firm has a 50-day moving average price of C$0.14 and a 200-day moving average price of 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.
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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