Parallel Mining Corp. (CVE:PAL – Get Free Report)’s stock price was up 7.1% during trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 180,200 shares were traded during mid-day trading, an increase of 337% from the average daily volume of 41,250 shares. The stock had previously closed at C$0.14.
Parallel Mining Price Performance
The company has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.15. The stock has a market capitalization of C$3.02 million and a price-to-earnings ratio of -1.53. The company has a quick ratio of 0.48, a current ratio of 0.81 and a debt-to-equity ratio of 78.11.
About Parallel Mining
Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso.
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