Parallel Mining (CVE:PAL) Trading Up 7.1%

Parallel Mining Corp. (CVE:PALGet Free Report) was up 7.1% on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 180,200 shares were traded during mid-day trading, an increase of 337% from the average daily volume of 41,250 shares. The stock had previously closed at C$0.14.

Parallel Mining Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.81 and a debt-to-equity ratio of 78.11. The business has a 50 day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15. The company has a market capitalization of C$3.02 million and a P/E ratio of -1.53.

About Parallel Mining

(Get Free Report)

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso.

Featured Articles

Receive News & Ratings for Parallel Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parallel Mining and related companies with's FREE daily email newsletter.