Palamina Corp. (CVE:PA – Get Free Report) shares shot up 17.9% during trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17. 22,000 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 76,828 shares. The stock had previously closed at C$0.14.
Palamina Stock Up 17.9%
The company has a fifty day simple moving average of C$0.13 and a 200 day simple moving average of C$0.13. The firm has a market capitalization of C$13.94 million, a P/E ratio of -5.50 and a beta of 1.99.
Palamina Company Profile
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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