Palamina (CVE:PA) Trading Up 30.3% – Here’s Why

Palamina Corp. (CVE:PA) shares shot up 30.3% on Saturday . The stock traded as high as C$0.22 and last traded at C$0.22. 687,311 shares changed hands during mid-day trading, an increase of 540% from the average session volume of 107,476 shares. The stock had previously closed at C$0.17.

Palamina Stock Up 30.3%

The firm has a market cap of C$18.16 million, a price-to-earnings ratio of -7.17 and a beta of 1.99. The firm has a fifty day moving average price of C$0.14 and a 200-day moving average price of C$0.13.

About Palamina

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.