Playfair Mining (CVE:PLY) Shares Down 20% – Should You Sell?

Playfair Mining Ltd. (CVE:PLY) shares dropped 20% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 413,816 shares were traded during mid-day 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 Trading Up 25.0%

The stock has a market cap of C$3.53 million, a P/E ratio of -1.33 and a beta of 1.89. The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

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.