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Pasofino Gold (CVE:VEIN) Trading Down 2% - Time to Sell?

Pasofino Gold logo with Basic Materials background

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.
  • Five stocks we like better than Pasofino Gold.

Pasofino Gold Limited (CVE:VEIN - Get Free Report) dropped 2% during mid-day trading on Friday . The company traded as low as C$0.49 and last traded at C$0.49. Approximately 4,500 shares were traded during mid-day 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 Trading Down 1.1%

The company has a market cap of C$52.75 million, a price-to-earnings ratio of -1.38 and a beta of 1.10. The firm's 50-day moving average price is C$0.51 and its 200 day moving average price is C$0.49.

About Pasofino Gold

(Get Free Report)

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.

See Also

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