Pasofino Gold (CVE:VEIN) Sets New 52-Week High – Should You Buy?

Shares of Pasofino Gold Limited (CVE:VEINGet Free Report) reached a new 52-week high on Monday . The company traded as high as C$0.88 and last traded at C$0.88, with a volume of 1932 shares trading hands. The stock had previously closed at C$0.88.

Pasofino Gold Price Performance

The company’s 50-day simple moving average is C$0.75 and its 200-day simple moving average is C$0.63. The stock has a market capitalization of C$132.91 million, a price-to-earnings ratio of -5.50 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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