Palamina (CVE:PA) Hits New 1-Year Low – Here’s What Happened

Palamina Corp. (CVE:PA – Get Free Report)’s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 30,020 shares trading hands. The stock had previously closed at C$0.09.

Palamina Price Performance

The company has a current ratio of 0.37, a quick ratio of 1.30 and a debt-to-equity ratio of -63.74. The business has a 50-day moving average price of C$0.13 and a two-hundred day moving average price of C$0.16. The firm has a market capitalization of C$7.46 million, a price-to-earnings ratio of -2.00 and a beta of 0.72.

Palamina Company Profile

(Get Free Report)

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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