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Pasofino Gold (CVE:VEIN) Stock Price Down 1.7% - Time to Sell?

Pasofino Gold logo with Basic Materials background

Key Points

  • Pasofino Gold Limited shares fell by 1.7% to C$0.59, with a trading volume surge of 188% compared to its average session volume.
  • The company has a market capitalization of C$74.95 million and a price-to-earnings ratio of -3.28, indicating a challenging financial position.
  • Pasofino Gold holds an option to acquire a 49% interest in the Dugbe gold project located in southern Liberia, covering an area of 2,559 square kilometers.
  • Interested in Pasofino Gold? Here are five stocks we like better.

Pasofino Gold Limited (CVE:VEIN - Get Free Report) shares traded down 1.7% on Monday . The company traded as low as C$0.56 and last traded at C$0.59. 91,000 shares changed hands during trading, an increase of 188% from the average session volume of 31,577 shares. The stock had previously closed at C$0.60.

Pasofino Gold Stock Down 1.7%

The firm has a market cap of C$74.95 million, a price-to-earnings ratio of -3.28 and a beta of 0.62. The stock's 50 day moving average is C$0.51 and its 200 day moving average 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.

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