Pasofino Gold (CVE:VEIN) Shares Down 3.8% - Time to Sell?

Pasofino Gold Limited (CVE:VEIN - Get Free Report)'s share price was down 3.8% during trading on Monday . The company traded as low as C$0.50 and last traded at C$0.50. Approximately 15,000 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 40,182 shares. The stock had previously closed at C$0.52.

Pasofino Gold Stock Performance

The stock has a 50 day simple moving average of C$0.54 and a 200 day simple moving average of C$0.59. The firm has a market capitalization of C$53.31 million, a PE ratio of -1.40 and a beta of 1.10.

Insiders Place Their Bets

In other Pasofino Gold news, Senior Officer Lincoln Greenidge bought 59,500 shares of Pasofino Gold stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$0.58 per share, with a total value of C$34,510.00. Insiders own 70.53% of the company's stock.

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.