Playfair Mining (CVE:PLY) Stock Price Up 16.7% – Time to Buy?

Playfair Mining Ltd. (CVE:PLY) rose 16.7% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 102,984 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 155,710 shares. The stock had previously closed at C$0.03.

Playfair Mining Price Performance

The company’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a market capitalization of C$4.95 million, a price-to-earnings ratio of -1.33 and a beta of 2.01.

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.