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Playfair Mining shares fell 13% amid high trading volume, with no stated reason.
Playfair Mining (CVE:PLY) shares dropped 13% on Monday, hitting a low of C$0.02 and closing unchanged, with trading volume surging to 357,009 shares—113% above average.
The company, an exploration-stage miner focused on copper, zinc, and nickel, holds full ownership of projects in Newfoundland and Norway.
Its market cap is C$2.83 million, with a negative P/E ratio and a beta of 1.89, indicating high volatility.
The 50-day and 200-day moving averages both stand at C$0.03.
No specific reason for the decline was provided.
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Las acciones de Playfair Mining cayeron un 13% en medio de un alto volumen de operaciones, sin ninguna razón indicada.