Playfair Mining (CVE:PLY) Trading Down 14.3% – Here’s Why

Shares of Playfair Mining Ltd. (CVE:PLYGet Free Report) fell 14.3% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 349,201 shares were traded during trading, an increase of 305% from the average session volume of 86,131 shares. The stock had previously closed at C$0.07.

Playfair Mining Stock Down 7.1%

The stock’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$3.06 million, a PE ratio of -1.33 and a beta of 1.29.

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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