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

Playfair Mining Ltd. (CVE:PLYGet Free Report)’s share price was down 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 413,816 shares changed hands during trading, an increase of 138% from the average daily volume of 174,158 shares. The stock had previously closed at C$0.03.

Playfair Mining Stock Performance

The company’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The firm has a market capitalization of C$2.83 million, a PE ratio of -1.33 and a beta of 1.89.

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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