Pasofino Gold (CVE:VEIN) Stock Price Up 1.1% - Here's Why

Key Points

• Pasofino Gold Limited's stock price rose 1.1% to C$0.45, with trading volume increasing by 157% compared to its average volume.
• The company's market capitalization is C$52.08 million, and it has a P/E ratio of -2.78.
• Pasofino Gold is focused on the acquisition, exploration, and development of mineral properties, including a 49% interest in the Dugbe gold project in Liberia.

Shares of Pasofino Gold Limited (CVE:VEIN - ) rose 1.1% during mid-day trading on Monday . The company traded as high as C$0.45 and last traded at C$0.45. Approximately 75,500 shares were traded during trading, an increase of 157% from the average daily volume of 29,330 shares. The stock had previously closed at C$0.44.

Pasofino Gold Trading Up 1.1%

The stock has a market capitalization of C$52.08 million, a P/E ratio of -2.78 and a beta of 0.84. The stock has a 50 day moving average of C$0.50 and a 200-day moving average of C$0.48.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.