Playfair Mining (PLY) AI Stock Analysis

• Market Cap: C$4.24M
• Dividend Yield: N/A
• Average Volume (3M): 147.78K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.58
• 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: 49 Neutral
• Price Target: C$0.04 ▲(75.00% Upside)

The score is held back primarily by weak financial fundamentals (pre-revenue operations, ongoing losses, and persistent cash burn with volatile equity), partially offset by strong recent price momentum (above major moving averages with positive MACD). Valuation remains constrained by negative earnings and the absence of 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

Pre-revenue with ongoing net losses and consistently negative operating/free cash flow (TTM OCF and FCF about -184k). Losses have narrowed materially versus 2024 and reported debt is 0, but the equity base has been volatile (including negative equity in the latest annual period), keeping overall financial risk elevated.

Income Statement

Operations remain pre-revenue (revenue is 0 across annual periods and TTM (Trailing-Twelve-Months)), so profitability is structurally weak. Losses have narrowed versus the large 2024 annual loss (net loss improved from about -3.49M in 2024 to about -0.20M in 2025 annual, and about -0.22M on TTM), which is a positive trajectory. However, the business is still loss-making with negative operating profit on both annual and TTM figures, and margins are not meaningful given zero revenue.

Balance Sheet

Leverage risk appears low with total debt reported at 0 across periods, which supports financial flexibility. The key concern is equity volatility: stockholders’ equity was negative in the latest annual period (2025 annual: -220k) but positive on TTM (about 310k), indicating an unstable capital base and likely reliance on financing events. Total assets are modest (TTM: ~387k), and while low debt helps, the small and fluctuating equity position keeps the balance-sheet quality below average.

Cash Flow

Cash generation is consistently weak: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months) at about -184k. Free cash flow is also negative (TTM: about -184k; 2025 annual: about -53k), and the TTM free-cash-flow growth rate is sharply negative, signaling deterioration versus the prior baseline. While the scale of cash burn varies year to year, the overall picture is ongoing cash outflows without an operating cash engine.

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: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.03, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.32 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, 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
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%
PLY	49 Neutral	C$4.24M	-17.65	-92.46%	―	―	94.03%
SLZ	47 Neutral	C$2.63M	-12.16	-73.73%	―	―	39.34%
ERA	46 Neutral	C$5.03M	-4.48	―	―	―	18.74%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
SSE	32 Underperform	C$8.94M	-15.08	―	―	―	65.45%

Playfair Mining Corporate Events

Playfair Mining Upsizes LIFE Private Placement to C$2.1 Million on Strong Demand

Playfair Mining has increased the size of its previously announced post-consolidation private placement under the Listed Issuer Financing Exemption to 35 million units, for total expected proceeds of C$2.1 million, citing strong investor demand. The upsized financing signals solid market interest in the company’s exploration strategy and provides additional capital to advance work at its Golden Circle gold project in Nova Scotia, potentially strengthening Playfair’s position within the Canadian junior resource and gold exploration sector.

The most recent analyst rating on (TSE:PLY) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Playfair Mining stock, see the TSE:PLY Stock Forecast page.

Playfair Mining to Raise $1.8 Million and Consolidate Shares to Advance Nova Scotia Gold Project

Playfair Mining Ltd. plans to raise up to $1.8 million through a non-brokered private placement of up to 30 million units at $0.06 each under the Listed Issuer Financing Exemption, with each unit comprising one post-consolidation common share and a warrant exercisable at $0.15 for 24 months. The proceeds will fund general working capital and exploration at the Golden Circle Project, while the company’s board has also approved a one-for-three share consolidation that will reduce outstanding shares from about 141.3 million to roughly 47.1 million, both the financing and consolidation remaining subject to TSX Venture Exchange approval and positioning the company to strengthen its capital structure and advance its Nova Scotia gold exploration activities.

The most recent analyst rating on (TSE:PLY) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Playfair Mining stock, see the TSE:PLY Stock Forecast page.

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.