Playfair Mining (PLY) AI Stock Analysis

• Market Cap: C$3.53M
• Dividend Yield: N/A
• Average Volume (3M): 147.78K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.64
• Revenue Growth: N/A
• EPS Growth: 94.03%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 141,347,150
• 10 Day Avg. Volume: 443,347
• 30 Day Avg. Volume: 147,782
• PEG Ratio: 0.17
• Price to Book (P/B): -14.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -60.58
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.02 ▲(0.00% Upside)

The score is primarily constrained by weak financial performance (pre-revenue operations, continued losses, and persistent cash burn with an unstable equity base). Technicals are also soft with bearish trend signals despite oversold conditions. Positive corporate developments (new drilling program and regional gold tailwinds) provide some upside optionality, but valuation remains challenged by ongoing losses and no dividend support.

Positive Factors

Strategic Partnerships

Strategic partnerships, like the Golden Circle option agreement, can provide Playfair Mining with necessary resources and opportunities to develop its mineral properties, potentially enhancing long-term shareholder value through collaborative exploration and development efforts.

Successful Fundraising

The ability to raise funds through an oversubscribed private placement indicates investor confidence and provides Playfair Mining with essential capital to support its exploration activities and operational needs, which is crucial for sustaining its business model.

Industry Positioning

Focusing on high-demand minerals like nickel, copper, and tungsten positions Playfair Mining strategically within the mining sector, potentially benefiting from favorable market trends and increasing demand for these resources in various industrial applications.

Negative Factors

Financial Instability

Negative stockholders' equity indicates insolvency risk, reflecting liabilities exceeding assets. This financial instability can hinder Playfair Mining's ability to sustain operations and invest in future growth, posing a significant long-term challenge.

Lack of Revenue

Consistently reporting zero revenue highlights operational challenges and a lack of income-generating activities, which undermines Playfair Mining's ability to achieve profitability and sustain its business model over the long term.

Cash Flow Deficits

Persistent negative cash flows indicate that Playfair Mining's operations are not self-sustaining, relying on external financing to cover deficits. This unsustainable cash flow situation poses a risk to the company's long-term financial health and operational viability.

Playfair Mining Business Overview & Revenue Model

Company Description

Playfair Mining Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for gold, copper, cobalt, molybdenum, and nickel. The company holds a 100% interest in the Grey River Tungsten property that consisting of nine mineral claims covering an area of 1,750 hectares located in southern Newfoundland, Canada; and holds a 100% interest in the Granite Lake Molybdenum located in central Newfoundland, Canada. It also holds a 100% interest in the RKV Cu-Co-Ni Project located in in south-central Norway. The company was incorporated in 1988 and is based in Vancouver, Canada.

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	Dec 2025	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-9.20K	0.00	0.00	0.00	-167.00	-43.00
EBITDA	638.90K	-41.90K	2.98M	-361.00K	-1.65M	-560.00K
Net Income	-215.51K	-203.93K	-3.49M	-361.00K	-1.65M	-561.00K
Balance Sheet
Total Assets	387.10K	93.01K	164.95K	3.20M	2.68M	1.28M
Cash, Cash Equivalents and Short-Term Investments	50.01K	12.88K	3.82K	19.39K	122.34K	32.33K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	77.45K	313.01K	301.02K	249.99K	181.69K	348.99K
Stockholders Equity	309.65K	-220.00K	6.43K	2.95M	2.50M	929.84K
Cash Flow
Free Cash Flow	-183.88K	-53.30K	-55.51K	-813.11K	-1.32M	-320.94K
Operating Cash Flow	-183.88K	-2.41K	-55.51K	-113.91K	-126.59K	-264.86K
Investing Cash Flow	-271.57K	-93.52K	-358.57K	-764.58K	-1.72M	-322.08K
Financing Cash Flow	461.25K	105.00K	398.50K	775.54K	1.93M	609.15K

Playfair Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 30.30 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 Negative sentiment for TSE:PLY.

Playfair Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NSJ	50 Neutral	C$3.09M	-11.30	-52.50%	―	―	10.85%
ERA	48 Neutral	C$2.56M	-2.28	―	―	―	18.74%
PLY	45 Neutral	C$3.53M	-15.63	-92.46%	―	―	94.03%
QBAT	43 Neutral	C$2.42M	-2.21	-14.59%	―	―	-36.33%
SLZ	37 Underperform	C$2.25M	-10.81	-73.73%	―	―	39.34%
SSE	32 Underperform	C$6.16M	-15.08	―	―	―	65.45%

Playfair Mining Corporate Events

Playfair Mining Launches Strategic Drilling Program at Mount Uniacke

Playfair Mining has announced a comprehensive drilling program at its Mount Uniacke property, aiming to explore a high-grade zone known as the ‘Crumple’ and assess bulk tonnage potential near historical open cuts. This initiative is part of a broader strategy to capitalize on Nova Scotia’s re-emerging gold sector, supported by high gold prices and favorable government policies. The drilling plan is based on historical insights from a 1901 map by E.R. Faribault, which identified the ‘Crumple’ as a promising structural feature for gold deposits. The program aims to validate these historical theories and potentially unlock significant gold resources, enhancing Playfair’s position in the industry and offering promising opportunities for stakeholders.

Playfair Mining Embraces Nova Scotia’s Gold Revival

Playfair Mining is poised to benefit from the revitalization of gold mining in Nova Scotia, driven by high gold prices and improved regulatory processes. With significant historical gold production and recent advancements by companies like St. Barbara and NexGold, Playfair is focusing on its Mount Uniacke project as a priority for exploration and drilling, aiming to discover new gold deposits and contribute to the region’s burgeoning gold industry.

Playfair Mining Ltd. Announces Reinstatement and Financial Plans

Playfair Mining Ltd. announced the revocation of a cease trade order, allowing its shares to be reinstated on the TSX Venture Exchange. The company is addressing a working capital deficiency of $316,995 by planning a private placement to finance its exploration programs. Past issues with issuing shares before receiving funds have been acknowledged, and the company is committed to complying with TSXV policies moving forward.