Pasofino Gold (CVE:VEIN) Stock Price Down 3% - Should You Sell?

Pasofino Gold Limited (CVE:VEIN - Get Free Report) dropped 3% during mid-day trading on Thursday . The stock traded as low as C$0.49 and last traded at C$0.49. Approximately 32,500 shares changed hands during trading, an increase of 8% from the average daily volume of 29,986 shares. The stock had previously closed at C$0.50.

Pasofino Gold Price Performance

The company's 50-day simple moving average is C$0.49 and its 200-day simple moving average is C$0.49. The stock has a market capitalization of C$54.43 million, a P/E ratio of -1.43 and a beta of 1.10.

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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