Palamina (CVE:PA) Trading 8.3% Higher – Still a Buy?

Palamina Corp. (CVE:PAGet Free Report)’s share price rose 8.3% on Monday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 1,500 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 41,889 shares. The stock had previously closed at C$0.12.

Palamina Trading Up 8.3%

The business’s fifty day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.10. The stock has a market capitalization of C$9.31 million, a P/E ratio of -3.25 and a beta of 2.92.

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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