Playfair Mining (CVE:PLY) Trading 30% Higher – Time to Buy?

Playfair Mining Ltd. (CVE:PLY)’s share price traded up 30% on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 583,770 shares traded hands during trading, an increase of 240% from the average session volume of 171,927 shares. The stock had previously closed at C$0.05.

Playfair Mining Stock Up 20.0%

The company has a market capitalization of C$5.31 million, a price-to-earnings ratio of -1.33 and a beta of 1.35. The firm has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.

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.