Playfair Mining (CVE:PLY) Shares Down 25% – Should You Sell?

Shares of Playfair Mining Ltd. (CVE:PLY) fell 25% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 200,800 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 98,692 shares. The stock had previously closed at C$0.02.

Playfair Mining Price Performance

The stock’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The firm has a market capitalization of C$1.93 million, a PE ratio of -0.50 and a beta of 1.91.

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.