Pasofino Gold (CVE:VEIN) Reaches New 12-Month High – Should You Buy?

Shares of Pasofino Gold Limited (CVE:VEINGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.89 and last traded at C$0.89, with a volume of 523777 shares trading hands. The stock had previously closed at C$0.87.

Pasofino Gold Trading Up 2.3%

The firm has a market capitalization of C$134.42 million, a P/E ratio of -5.56 and a beta of 1.32. The business’s 50 day simple moving average is C$0.84 and its two-hundred day simple moving average is C$0.68.

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. Pasofino Gold Limited was incorporated in 2010 and is headquartered in Toronto, Canada.

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