Pasofino Gold (CVE:VEIN) Sets New 12-Month High – Should You Buy?

Pasofino Gold Limited (CVE:VEINGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.88 and last traded at C$0.87, with a volume of 142500 shares trading hands. The stock had previously closed at C$0.88.

Pasofino Gold Stock Performance

The company has a 50 day moving average of C$0.73 and a 200 day moving average of C$0.62. The stock has a market capitalization of C$131.40 million, a price-to-earnings ratio of -5.44 and a beta of 1.17.

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. Pasofino Gold Limited was incorporated in 2010 and is headquartered in Toronto, Canada.

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