Playfair Mining (CVE:PLY) Stock Price Up 16.7% – Still a Buy?

Playfair Mining Ltd. (CVE:PLY) shares rose 16.7% on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 102,984 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 155,710 shares. The stock had previously closed at C$0.03.

Playfair Mining Stock Performance

The stock has a market cap of C$4.95 million, a PE ratio of -1.33 and a beta of 2.01. The firm has a 50-day moving average price of C$0.03 and a 200-day moving average price of 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.