Palamina (CVE:PA) Hits New 1-Year High – Still a Buy?

Palamina Corp. (CVE:PAGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$0.25 and last traded at C$0.24, with a volume of 157285 shares traded. The stock had previously closed at C$0.24.

Palamina Stock Performance

The firm has a market cap of C$16.47 million, a price-to-earnings ratio of 11.75 and a beta of 2.38. The business has a fifty day moving average of C$0.17 and a two-hundred day moving average of C$0.16.

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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