Palamina (CVE:PA) Trading Down 7.3%

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Palamina (CVE:PA) shares were down 7.3% during trading on Wednesday . The company traded as low as C$0.17 and last traded at C$0.19, approximately 162,172 shares changed hands during mid-day trading. An increase of 621% from the average daily volume of 22,491 shares. The stock had previously closed at C$0.21.

The business has a 50 day moving average price of C$0.21 and a 200 day moving average price of C$0.24. The stock has a market capitalization of $7.61 million and a PE ratio of -2.38.

Palamina Company Profile (CVE:PA)

Palamina Corp., through its subsidiary Palamina SA de C.V., focuses on the exploration of mineral deposits in Mexico, Canada, and Peru. The company primarily explores for gold, lead, zinc, and silver deposits. It owns 100% interests in the Gaban, Coasa, Orco, Cori, Bendi gold projects located at south-eastern Peru; the Tinka iron oxide copper-gold project covering an area of 3,300 hectares located in southern Peru; and the El Santuario property covering an area of 1,372 hectares located in the Cardonal district, Hidalgo State, Mexico.

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