Playfair Mining (CVE:PLY) Shares Up 25% – Time to Buy?

Shares of Playfair Mining Ltd. (CVE:PLY) rose 25% during trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 133,000 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 118,500 shares. The stock had previously closed at C$0.02.

Playfair Mining Stock Performance

The company has a market cap of C$3.53 million, a price-to-earnings ratio of -1.33 and a beta of 2.01. The company’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.03.

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.