Palamina (CVE:PA) Stock Price Down 3.8% – Here’s Why

Palamina Corp. (CVE:PA)’s stock price dropped 3.8% on Tuesday . The company traded as low as C$0.12 and last traded at C$0.13. Approximately 138,000 shares traded hands during trading, an increase of 148% from the average daily volume of 55,556 shares. The stock had previously closed at C$0.13.

Palamina Trading Down 3.8 %

The firm has a market capitalization of C$8.95 million, a P/E ratio of 6.25 and a beta of 2.38. The business’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is 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.