Playfair Mining (CVE:PLY) Trading Down 20% – What’s Next?

Shares of Playfair Mining Ltd. (CVE:PLY) traded down 20% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 301,700 shares changed hands 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 Price Performance

The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market capitalization of C$2.61 million, a price-to-earnings ratio of -0.76 and a beta of 1.91.

About Playfair Mining

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.