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

Playfair Mining Ltd. (CVE:PLY) shares traded down 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 301,700 shares traded hands during trading, an increase of 113% from the average session volume of 141,866 shares. The stock had previously closed at C$0.03.

Playfair Mining Price Performance

The stock has a market capitalization of C$2.61 million, a P/E ratio of -0.76 and a beta of 1.91. The company’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

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.