Playfair Mining (CVE:PLY) Trading Up 16.7% – Time to Buy?

Playfair Mining Ltd. (CVE:PLYGet Free Report)’s stock price rose 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 102,984 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 155,710 shares. The stock had previously closed at C$0.03.

Playfair Mining Trading Up 16.7%

The company has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The stock has a market cap of C$4.95 million, a P/E ratio of -1.33 and a beta of 2.01.

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. It also holds interest in Folldal Project and Osterdalen Project property.

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