Palamina (CVE:PA) Sets New 1-Year Low – What’s Next?

Palamina Corp. (CVE:PAGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 52000 shares. The stock had previously closed at C$0.10.

Palamina Stock Performance

The firm has a market cap of C$6.16 million, a P/E ratio of -3.14 and a beta of 2.38. The business’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.15.

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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