Palamina (CVE:PA) Hits New 1-Year High – Here’s Why

Palamina Corp. (CVE:PAGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.22, with a volume of 15000 shares traded. The stock had previously closed at C$0.21.

Palamina Price Performance

The business has a 50-day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.15. The stock has a market cap of C$18.58 million, a price-to-earnings ratio of -7.33 and a beta of 1.99.

Palamina Company Profile

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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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