Pasofino Gold (CVE:VEIN) Shares Down 2% - Here's Why

Key Points

• Pasofino Gold Limited shares fell by 2% on Friday, trading as low as C$0.49, with a notable decline in trading volume of 84% from the average.
• The company has a market cap of C$54.99 million and a price-to-earnings ratio of -1.44, indicating a challenging financial position.
• Pasofino Gold has an option to acquire a 49% interest in the Dugbe gold project located in southern Liberia, covering a substantial area of 2,559 square kilometers.

Pasofino Gold Limited (CVE:VEIN - ) shares were down 2% on Friday . The company traded as low as C$0.49 and last traded at C$0.49. Approximately 4,500 shares traded hands during trading, a decline of 84% from the average daily volume of 28,626 shares. The stock had previously closed at C$0.50.

Pasofino Gold Stock Down 2.0%

The firm has a market cap of C$54.99 million, a price-to-earnings ratio of -1.44 and a beta of 1.10. The stock has a 50 day moving average of C$0.51 and a 200 day moving average of C$0.49.

About Pasofino Gold

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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