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

Shares of Palamina Corp. (CVE:PAGet Free Report) were up 30.3% on Friday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares were traded 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 Price Performance

The stock has a market capitalization of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99. The stock has a 50-day moving average of C$0.14 and a 200 day moving average of 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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