Palamina (CVE:PA) Reaches New 1-Year Low – Here’s Why

Shares of Palamina Corp. (CVE:PAGet Free Report) reached a new 52-week low on Thursday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 87500 shares. The stock had previously closed at C$0.10.

Palamina Trading Down 10.0 %

The business has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$5.83 million, a P/E ratio of -2.97 and a beta of 2.38.

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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