Playfair Mining (CVE:PLY) Stock Price Down 25% – Here’s Why

Playfair Mining Ltd. (CVE:PLY) dropped 25% during mid-day trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 420,000 shares were traded during mid-day trading, an increase of 169% from the average daily volume of 156,014 shares. The stock had previously closed at C$0.02.

Playfair Mining Stock Down 25.0 %

The company’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The firm has a market cap of C$1.96 million, a price-to-earnings ratio of -0.57 and a beta of 1.91.

About Playfair Mining

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.