Palamina (CVE:PA) Shares Up 17.9% – What’s Next?

Palamina Corp. (CVE:PAGet Free Report)’s stock price shot up 17.9% on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. 22,000 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 76,828 shares. The stock had previously closed at C$0.14.

Palamina Stock Up 17.9%

The company has a 50-day moving average price of C$0.13 and a 200-day moving average price of C$0.13. The firm has a market capitalization of C$13.94 million, a price-to-earnings ratio of -5.50 and a beta of 1.99.

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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