Pasofino Gold (CVE:VEIN) Trading Down 1.8% – What’s Next?

Pasofino Gold Limited (CVE:VEIN)’s share price traded down 1.8% during mid-day trading on Tuesday . The company traded as low as C$0.54 and last traded at C$0.54. 6,000 shares were traded during mid-day trading, a decline of 70% from the average session volume of 19,979 shares. The stock had previously closed at C$0.55.

Pasofino Gold Price Performance

The stock has a 50 day moving average price of C$0.62 and a 200-day moving average price of C$0.58. The stock has a market capitalization of C$60.60 million, a P/E ratio of -1.59 and a beta of 1.10.

Pasofino Gold Company Profile

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.