Playfair Mining (CVE:PLY) Shares Down 13% – Here’s Why

Shares of Playfair Mining Ltd. (CVE:PLY) traded down 13% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 357,009 shares changed hands during trading, an increase of 113% from the average session volume of 167,734 shares. The stock had previously closed at C$0.02.

Playfair Mining Trading Down 13.0%

The business’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The stock has a market cap of C$2.83 million, a price-to-earnings ratio of -1.33 and a beta of 1.89.

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. It also holds interest in Folldal Project and Osterdalen Project property.