Playfair Mining (CVE:PLY) Shares Down 13% – Time to Sell?

Playfair Mining Ltd. (CVE:PLY)’s stock price traded down 13% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 357,009 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 167,734 shares. The stock had previously closed at C$0.02.

Playfair Mining Price Performance

The stock’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The stock has a market capitalization of C$2.83 million, a PE ratio of -1.33 and a beta of 1.89.

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.