Playfair Mining (CVE:PLY) Shares Up 25% – Still a Buy?

Playfair Mining Ltd. (CVE:PLYGet Free Report) shares were up 25% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 133,000 shares were traded during trading, an increase of 12% from the average daily volume of 118,500 shares. The stock had previously closed at C$0.02.

Playfair Mining Trading Up 25.0%

The firm has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$3.53 million, a price-to-earnings ratio of -1.33 and a beta of 2.01.

About Playfair Mining

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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.

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