Playfair Mining (CVE:PLY) Trading Up 25% – Still a Buy?

Shares of Playfair Mining Ltd. (CVE:PLY) were up 25% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 133,000 shares changed 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 Price Performance

The stock’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.03. The firm has a market capitalization of C$3.53 million, a PE 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.