Playfair Mining (CVE:PLY) Trading 25% Higher – Time to Buy?

Playfair Mining Ltd. (CVE:PLY)’s stock price traded up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 133,000 shares were traded during mid-day trading, an increase of 12% from the average session volume of 118,500 shares. The stock had previously closed at C$0.02.

Playfair Mining Trading Up 25.0%

The company has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03. The stock has a market cap of C$3.53 million, a P/E ratio of -1.33 and a beta of 2.01.

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