Playfair Mining (CVE:PLY) Trading Up 10% – Should You Buy?

Shares of Playfair Mining Ltd. (CVE:PLY) rose 10% on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 488,000 shares traded hands during mid-day trading, an increase of 190% from the average daily volume of 168,462 shares. The stock had previously closed at C$0.05.

Playfair Mining Stock Up 10.0%

The stock has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.03. The company has a market capitalization of C$2.59 million, a price-to-earnings ratio of -1.33 and a beta of 1.60.

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