Shares of Palamina Corp. (CVE:PA – Get Free Report) dropped 17.9% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 143,658 shares traded hands during trading, an increase of 244% from the average daily volume of 41,750 shares. The stock had previously closed at C$0.14.
Palamina Trading Down 14.3%
The stock has a market capitalization of C$8.60 million, a PE ratio of -4.00 and a beta of 2.56. The business has a fifty day moving average price of C$0.14 and a 200-day moving average price of C$0.12.
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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