Palamina (CVE:PA) Trading 30.3% Higher – Still a Buy?

Palamina Corp. (CVE:PAGet Free Report)’s stock price was up 30.3% during trading on Saturday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares traded hands 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 Trading Up 30.3%

The stock has a market cap of C$18.16 million, a P/E ratio of -7.17 and a beta of 1.99. The company’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.13.

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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