Pasofino Gold (CVE:VEIN) Stock Price Down 3.1% – Here’s Why

Pasofino Gold Limited (CVE:VEINGet Free Report)’s share price dropped 3.1% during trading on Monday . The company traded as low as C$0.63 and last traded at C$0.63. Approximately 32,000 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 19,720 shares. The stock had previously closed at C$0.65.

Pasofino Gold Stock Down 1.6 %

The company has a 50 day simple moving average of C$0.65 and a 200-day simple moving average of C$0.58. The stock has a market capitalization of C$69.58 million, a price-to-earnings ratio of -1.82 and a beta of 1.10.

Pasofino Gold Company Profile

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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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