Shares of Palamina Corp. (CVE:PA – Get Free Report) were down 8.3% on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 50,900 shares changed hands during trading, an increase of 21% from the average daily volume of 42,089 shares. The stock had previously closed at C$0.12.
Palamina Price Performance
The stock’s 50 day moving average is C$0.10 and its two-hundred day moving average is C$0.10. The stock has a market capitalization of C$7.13 million, a PE ratio of -3.63 and a beta of 2.38.
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.
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