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

Playfair Mining Ltd. (CVE:PLYGet Free Report) fell 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 301,700 shares changed 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 PE ratio of -0.76 and a beta of 1.91. The firm’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

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.

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