Playfair Mining (PLY) AI Stock Analysis

• Market Cap: C$3.26M
• Dividend Yield: N/A
• Average Volume (3M): 55.08K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.50
• Revenue Growth: N/A
• EPS Growth: -1056.52%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 130,347,150
• 10 Day Avg. Volume: 36,790
• 30 Day Avg. Volume: 55,079
• PEG Ratio: 0.02
• Price to Book (P/B): -32.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Playfair Mining's overall score is primarily impacted by its significant financial difficulties, including lack of revenue and negative equity. While technical indicators are stable, the valuation is concerning due to its unprofitability. The absence of earnings call insights and corporate events leaves unresolved uncertainties.

Playfair Mining Business Overview & Revenue Model

Company Description

Playfair Mining Ltd. (PLY) is a mineral exploration company primarily focused on identifying, acquiring, and developing mineral properties with a high potential for economic returns. The company operates within the mining and minerals sector, targeting resources such as nickel, copper, and tungsten. Playfair Mining aims to enhance shareholder value through strategic exploration activities and partnerships that leverage its expertise in early-stage mineral property development.

How the Company Makes Money

Playfair Mining generates revenue primarily through the exploration and subsequent sale or joint venture of mineral properties. The company invests in identifying promising mineral deposits and conducts exploration activities to increase the value of these properties. Once a property shows economic potential, Playfair Mining may sell it to a larger mining company or enter into joint ventures to develop the resource further, receiving upfront payments, milestone payments, and royalties based on production. Additionally, the company may raise funds through equity financing to support its exploration and development activities. Strategic partnerships with other mining companies or investors can also provide financial and technical resources to advance its projects.

Playfair Mining Financial Statement Overview

Summary

Playfair Mining is facing significant financial challenges. The absence of revenue, consistent losses, and negative equity highlight a precarious financial position. The reliance on external financing to manage cash flow deficits is not a sustainable strategy.

Income Statement

Playfair Mining has reported zero total revenue consistently, indicating a lack of operations generating revenue. The company consistently reports negative EBIT and net income, which highlight ongoing operational losses and lack of profitability.

Balance Sheet

The company's balance sheet reveals a negative stockholders' equity in the latest TTM, indicating insolvency risk. The equity ratio has turned negative, reflecting liabilities exceeding assets. The absence of debt provides some relief but is overshadowed by the equity deficit.

Cash Flow

Playfair Mining's cash flow statement indicates negative operating and free cash flows, suggesting cash outflows exceed inflows from operations. The reliance on financing activities to cover cash deficits is unsustainable in the long term. Free cash flow has shown negative growth, further indicating financial strain.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	-167.00	-43.00	-56.00
	EBIT
-239.45K	-232.51K	-336.59K	-1.64M	-560.50K	-316.07K
	EBITDA
1.42M	2.98M	-361.39K	-1.65M	-560.46K	-316.01K
	Net Income Common Stockholders
-3.40M	-3.49M	-361.39K	-1.65M	-560.50K	-316.07K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
44.55K	3.82K	19.39K	122.34K	32.33K	10.12K
	Total Assets
142.73K	164.95K	3.20M	2.68M	1.28M	684.99K
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-44.55K	-3.82K	-19.39K	-122.34K	-32.33K	-10.12K
	Total Liabilities
222.85K	301.02K	249.99K	181.69K	348.99K	239.98K
	Stockholders Equity
-80.12K	6.43K	2.95M	2.50M	929.84K	445.00K
Cash Flow		Free Cash Flow
-145.92K	-55.51K	-813.11K	-1.32M	-320.94K	-384.14K
	Operating Cash Flow
-72.95K	-55.51K	-113.91K	-126.59K	-264.86K	-178.76K
	Investing Cash Flow
-187.89K	-358.57K	-764.58K	-1.72M	-322.08K	-269.02K
	Financing Cash Flow
-20.00K	398.50K	775.54K	1.93M	609.15K	453.11K

Playfair Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLY, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.72 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PLY.

Playfair Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$3.01B	12.34	39.28%	―	105.06%	481.75%
IVN	69 Neutral	$19.61B	32.31	9.67%	―	―	137.28%
NXE	53 Neutral	$4.51B	27.25	-9.06%	―	―	-197.27%
AZM	52 Neutral	C$54.93M	221.74	-0.64%	―	―	88.31%
Sector *	50 Neutral	$1.97B	-1.14	-21.33%	3.61%	1.59%	-30.68%
GEM	32 Underperform	C$1.64M	―	-57.97%	―	―	53.47%
PLY	30 Underperform	C$3.26M	―	-188.69%	―	―	-1056.52%

Playfair Mining Corporate Events

Playfair Mining Closes Oversubscribed Private Placement and Returns Grey River Property

Playfair Mining has successfully closed an oversubscribed non-brokered private placement, raising $275,000 through the issuance of 11,000,000 common shares. The funds will be used to fulfill the initial payment under the Golden Circle option agreement and for general working capital. Additionally, Playfair has returned the Grey River Tungsten Property to the province of Newfoundland and Labrador, which has designated it as ‘Exempt Mineral Land,’ removing it from staking opportunities.

Playfair Mining Announces $250,000 Private Placement

Playfair Mining Ltd. announced a non-brokered private placement to raise up to $250,000 through the issuance of 10 million common shares at $0.025 each. The funds will be used primarily for a payment under a previous option agreement and for general working capital, with none allocated to non-arm’s length parties or investor relations activities. The offering is subject to regulatory approval and is expected to close by March 14, 2025.