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Pasofino Gold (CVE:VEIN) Stock Price Down 4% - Here's What Happened

Pasofino Gold logo with Basic Materials background

Pasofino Gold Limited (CVE:VEIN - Get Free Report) was down 4% on Wednesday . The company traded as low as C$0.48 and last traded at C$0.48. Approximately 1,500 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 34,961 shares. The stock had previously closed at C$0.50.

Pasofino Gold Trading Down 3.0%

The company's 50-day moving average price is C$0.48 and its two-hundred day moving average price is C$0.50. The company has a market cap of C$54.43 million, a P/E ratio of -1.43 and a beta of 1.10.

About Pasofino Gold

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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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