Pasofino Gold (CVE:VEIN) Shares Down 9.7% – Here’s Why

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

Pasofino Gold Stock Performance

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

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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