Palamina (CVE:PA) Reaches New 52-Week Low – Time to Sell?

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

Palamina Stock Performance

The firm has a market cap of C$5.83 million, a price-to-earnings ratio of -2.97 and a beta of 2.38. The stock has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.13.

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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