Shares of Palamina Corp. (CVE:PA – Get Free Report) traded down 11.1% during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. 172,000 shares were traded during trading, an increase of 172% from the average session volume of 63,209 shares. The stock had previously closed at C$0.18.
Palamina Stock Down 11.1%
The firm has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.17. The company has a market capitalization of C$13.52 million, a P/E ratio of -5.33 and a beta of 1.69.
Palamina Company Profile
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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