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

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

Pasofino Gold Stock Performance

The company has a market cap of C$134.42 million, a price-to-earnings ratio of -5.56 and a beta of 1.32. The company has a fifty day moving average of C$0.86 and a two-hundred day moving average of 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.