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

Shares of Playfair Mining Ltd. (CVE:PLY) dropped 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 301,700 shares were traded during trading, an increase of 113% from the average daily volume of 141,866 shares. The stock had previously closed at C$0.03.

Playfair Mining Trading Down 20.0 %

The business’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The firm has a market cap of C$2.61 million, a P/E ratio of -0.76 and a beta of 1.91.

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.