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Palamina Corp. shares jumped 30% on high volume, but the reason was unexplained.
Palamina Corp. (CVE:PA) shares rose 30.3% on Friday, closing at C$0.22, following a 540% surge in trading volume to 687,311 shares.
The Toronto-based mining company, incorporated in 2015, explores for gold, copper, and silver in Peru and Mexico.
It has a market cap of C$18.16 million, a negative P/E ratio of -7.17, and a beta of 1.99, indicating high volatility.
The 50-day and 200-day moving averages are C$0.14 and C$0.13, respectively.
The cause of the price increase was not specified.
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Las acciones de Palamina Corp. subieron un 30% en alto volumen, pero la razón fue inexplicable.