Palamina (CVE:PA) Shares Down 17.9% – Time to Sell?

Palamina Corp. (CVE:PAGet Free Report) shares 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 180,658 shares traded hands during trading, an increase of 327% from the average daily volume of 42,339 shares. The stock had previously closed at C$0.14.

Palamina Stock Performance

The company has a market capitalization of C$8.60 million, a PE ratio of -4.00 and a beta of 2.56. The stock has a fifty day moving average of C$0.14 and a 200 day moving average of C$0.12.

About Palamina

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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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