Palamina Corp. (CVE:PA – Get Free Report) traded down 10% during mid-day trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 39,000 shares traded hands during trading, a decline of 30% from the average session volume of 56,021 shares. The stock had previously closed at C$0.15.
Palamina Trading Up 11.1 %
The company has a market capitalization of C$10.74 million, a price-to-earnings ratio of 7.50 and a beta of 2.38. The business’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.17.
About Palamina
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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