Pasofino Gold (CVE:VEIN) Trading Down 9.7% – Time to Sell?

Pasofino Gold Limited (CVE:VEINGet Free Report)’s stock price fell 9.7% during trading on Monday . The company traded as low as C$0.52 and last traded at C$0.56. 22,000 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 20,459 shares. The stock had previously closed at C$0.62.

Pasofino Gold Price Performance

The firm’s 50 day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.58. The firm has a market capitalization of C$62.85 million, a P/E ratio of -1.65 and a beta of 1.10.

About Pasofino Gold

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Pasofino Gold Limited engages in the acquisition, exploration, and development of mineral properties. It has an option to acquire 49% interest in the Dugbe gold project covering an area of 2,559 square kilometers situated in southern Liberia. The company was formerly known as Enforcer Gold Corp. and changed its name to Pasofino Gold Limited in October 2019.

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