Playfair Mining (CVE:PLY) Shares Down 20% – Time to Sell?

Playfair Mining Ltd. (CVE:PLY)’s stock price traded down 20% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 301,700 shares were traded during trading, an increase of 113% from the average session volume of 141,866 shares. The stock had previously closed at C$0.03.

Playfair Mining Stock Down 20.0 %

The company’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The firm has a market cap of C$2.61 million, a price-to-earnings ratio of -0.76 and a beta of 1.91.

Playfair Mining Company Profile

Playfair Mining Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for copper, zinc, and nickel. The company holds a 100% interest in the Grey River Tungsten property that consisting of various mineral claims covering an area of 1,750 hectares located in southern Newfoundland, Canada; and holds a 100% interest in the RKV Cu-Co-Ni Project located in in south-central Norway.