Palamina (CVE:PA) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.17 and last traded at C$0.19, with a volume of 162172 shares changing hands. The stock had previously closed at C$0.21.
The company has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.24. The company has a market capitalization of $7.61 million and a price-to-earnings ratio of -2.38.
Palamina Company Profile (CVE:PA)
Palamina Corp., through its subsidiary Palamina SA de C.V., focuses on the exploration of mineral deposits in Mexico, Canada, and Peru. The company primarily explores for gold, lead, zinc, and silver deposits. It owns 100% interests in the Gaban, Coasa, Orco, Cori, Bendi gold projects located at south-eastern Peru; the Tinka iron oxide copper-gold project covering an area of 3,300 hectares located in southern Peru; and the El Santuario property covering an area of 1,372 hectares located in the Cardonal district, Hidalgo State, Mexico.
Further Reading: What are trading strategies for the 52-week high/low?
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