Parallel Mining Corp. (CVE:PAL – Get Free Report) shares shot up 7.1% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. 180,200 shares were traded during mid-day trading, an increase of 337% from the average session volume of 41,250 shares. The stock had previously closed at C$0.14.
Parallel Mining Price Performance
The stock has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.15. The stock has a market cap of C$3.02 million and a price-to-earnings ratio of -1.53. The company has a current ratio of 0.81, a quick ratio of 0.48 and a debt-to-equity ratio of 78.11.
About Parallel Mining
Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso.
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