Pasofino Gold (CVE:VEIN) Shares Up 5.1% – Still a Buy?

Pasofino Gold Limited (CVE:VEIN) shares were up 5.1% during mid-day trading on Friday . The stock traded as high as C$0.62 and last traded at C$0.62. Approximately 98,650 shares were traded during trading, an increase of 69% from the average daily volume of 58,402 shares. The stock had previously closed at C$0.59.

Pasofino Gold Trading Up 5.1%

The company has a market cap of C$78.76 million, a price-to-earnings ratio of -3.44 and a beta of 0.56. The company has a fifty day moving average price of C$0.54 and a two-hundred day moving average price of C$0.51.

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.