Palamina Corp. (CVE:PA – Get Free Report) shares dropped 6.9% on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 21,000 shares were traded during trading, a decline of 62% from the average daily volume of 55,432 shares. The stock had previously closed at C$0.15.
Palamina Stock Performance
The firm has a market cap of C$8.95 million, a PE ratio of 6.25 and a beta of 2.38. The stock has a 50 day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.17.
Palamina Company Profile
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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