Playfair Mining (CVE:PLY) Shares Down 20% – Here’s Why

Playfair Mining Ltd. (CVE:PLY) shares fell 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 413,816 shares traded hands during trading, an increase of 138% from the average session volume of 174,158 shares. The stock had previously closed at C$0.03.

Playfair Mining Stock Performance

The stock has a market cap of C$3.53 million, a P/E ratio of -1.33 and a beta of 1.89. The stock has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03.

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.