Palamina (CVE:PA) Reaches New 1-Year Low – What’s Next?

Palamina Corp. (CVE:PA – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 30,020 shares traded. The stock had previously closed at C$0.09.

Palamina Price Performance

The company has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.16. The company has a current ratio of 0.37, a quick ratio of 1.30 and a debt-to-equity ratio of -63.74. The stock has a market cap of C$7.46 million, a P/E ratio of -2.00 and a beta of 0.56.

Palamina Company Profile

(Get Free Report)

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.

Further Reading

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