Palamina (CVE:PA) Reaches New 52-Week High – Time to Buy?

Palamina Corp. (CVE:PAGet Free Report)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.20, with a volume of 386911 shares. The stock had previously closed at C$0.17.

Palamina Stock Up 30.3%

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