Pasofino Gold (CVE:VEIN) Reaches New 1-Year High – Should You Buy?

Pasofino Gold Limited (CVE:VEIN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.89 and last traded at C$0.89, with a volume of 34039 shares trading hands. The stock had previously closed at C$0.89.

Pasofino Gold Stock Up 0.6%

The stock has a market cap of C$134.42 million, a P/E ratio of -5.56 and a beta of 1.32. The company’s 50 day moving average price is C$0.86 and its 200-day moving average price is C$0.69.

Pasofino Gold Company Profile

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.