Palamina (CVE:PA) Trading Up 30.3% – Here’s What Happened

Shares of Palamina Corp. (CVE:PAGet Free Report) rose 30.3% during trading on Friday . The company 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 stock’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.13. The company has a market capitalization of C$18.16 million, a PE ratio of -7.17 and a beta of 1.99.

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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