Palamina (CVE:PA) Sets New 52-Week Low – Should You Sell?

Palamina Corp. (CVE:PAGet Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 99000 shares changing hands. The stock had previously closed at C$0.10.

Palamina Price Performance

The stock has a market capitalization of C$6.16 million, a P/E ratio of -3.14 and a beta of 2.38. The stock’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.14.

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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