Palamina Corp.
TSXV:PA Stock Report
Palamina Balance Sheet Health
Financial Health criteria checks 6/6 Palamina has a total shareholder equity of CA$1.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.3M and CA$509.9K respectively.
Key information Interest coverage ratio n/a Cash CA$1.62m Equity CA$1.82m Total liabilities CA$509.91k Total assets CA$2.33m
Recent financial health updates
Show all updates
Palamina Corp. Partners in Two Separate Drilling Programs in the Puno Orogenic Gold Belt Oct 17 Palamina Corp. (TSXV:PA) completed the acquisition of Sociedad Minera Vicus Exploraciones S.A.C from Aurania Resources Ltd. (TSXV:ARU). Sep 23
Palamina Corp. (TSXV:PA) signed a share purchase agreement to acquire Sociedad Minera Vicus Exploraciones S.A.C for PEN 0.16 million. Jun 10
Palamina Corp., Annual General Meeting, Jul 09, 2024 May 03
New major risk - Financial position Aug 31
New minor risk - Shareholder dilution Jun 17 Palamina Corp. announced that it has received CAD 0.75 million in funding Jun 16
Palamina Corp. announced that it expects to receive CAD 0.75 million in funding May 16
Palamina Corp. Completes Its Second Field Program in the Sol de Oro Zone At the Usicayos Gold Project in December 2022 Jan 31 Palamina Corp. Announces Executive Changes
Palamina Corp. Sol De Oro Zone Returns 0.9 Metres of 200 G/T Gold At the Usicayos Gold Project Sep 21
Palamina Corp. Reports Exploration Results & Land Consolidation At Its Galena Silver Copper Project Sep 15
Palamina Corp. Intersects More Gold At the Usicayos Gold Project Jul 07
Palamina Corp. Resumes Drilling at the Usicayos Gold Project May 18
Palamina Corp., Annual General Meeting, Jun 29, 2022 Apr 16
Palamina Corp. Resumes Exploration at the Lagos Silver Copper Project Feb 10
Palamina Releases Drill Results from its Maiden Drill Program At the Usicayos Gold Project Jan 18
Palamina Corp. announced that it has received CAD 5 million in funding from 2176423 Ontario Ltd. Jun 19
Palamina Corp. announced that it expects to receive CAD 3 million in funding May 28
Palamina Corp. Channel Sampling Returns 14.2 GPT Gold over 1.5 Metres At the Coasa Gold Project Oct 08 Helio Resource Corp. (TSXV:HRC) completed the acquisition of Gaban gold project and Tinka Iron Oxide Copper Gold project in Peru from Palamina Corp. (TSXV:PA). Palamina Corp. Resumes Exploration at its 100% Owned Coasa Gold Project in South Eastern Peru Aug 24
New 90-day high - CA$0.24 Aug 01
New 90-day high - CA$0.22 Jul 21
Financial Position Analysis
Short Term Liabilities: PA's short term assets (CA$1.9M) exceed its short term liabilities (CA$509.9K).
Long Term Liabilities: PA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PA is debt free.
Reducing Debt: PA had no debt 5 years ago.
Debt Coverage: PA has no debt, therefore it does not need to be covered by operating cash flow .
Interest Coverage: PA has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies Simply Wall St™ Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
{"enabled":true,"variant":{"name":"control","enabled":true,"feature_enabled":true,"featureEnabled":true},"flagsReady":true,"flagsError":null}