Playfair Mining (CVE:PLY) Trading 27.3% Higher – Here’s Why

Playfair Mining Ltd. (CVE:PLYGet Free Report) shares traded up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 647,000 shares changed hands during mid-day trading, an increase of 295% from the average daily volume of 163,702 shares. The stock had previously closed at C$0.06.

Playfair Mining Price Performance

The company has a market capitalization of C$7.97 million, a price-to-earnings ratio of -9.00 and a beta of 1.38. The firm has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06.

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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