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

Shares of Palamina Corp. (CVE:PAGet Free Report) shot up 30.3% during trading on Friday . The stock 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 session volume of 107,476 shares. The stock had previously closed at C$0.17.

Palamina Stock Performance

The stock’s 50 day moving average price is C$0.14 and its 200 day moving average price is C$0.13. The company has a market capitalization of C$18.16 million, a P/E ratio of -7.17 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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