Palamina (CVE:PA) Stock Price Up 30.3% – Still a Buy?

Palamina Corp. (CVE:PAGet Free Report) was up 30.3% during mid-day trading on Saturday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 687,311 shares were traded 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 Price Performance

The company has a market cap of C$18.16 million, a PE ratio of -7.17 and a beta of 1.99. The company has a 50-day moving average price of C$0.14 and a two-hundred day moving average price of C$0.13.

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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