Palamina (CVE:PA) Trading Up 30.3% – Time to Buy?

Palamina Corp. (CVE:PAGet Free Report)’s share price traded up 30.3% on Saturday . The company traded as high as C$0.22 and last traded at C$0.22. 687,311 shares were traded during trading, an increase of 540% from the average session volume of 107,476 shares. The stock had previously closed at C$0.17.

Palamina Trading Up 30.3%

The firm has a market cap of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99. The stock has a 50-day moving average of C$0.14 and a 200-day moving average 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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