Shares of Palamina Corp. (CVE:PA – Get Free Report) rose 30.3% during mid-day trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. 687,311 shares changed hands during mid-day 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 firm’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.13. The firm has a market cap of C$18.16 million, a P/E ratio of -7.17 and a beta of 1.99.
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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