Pasofino Gold (CVE:VEIN) Stock Price Down 2% – Time to Sell?

Shares of Pasofino Gold Limited (CVE:VEIN) traded down 2% during mid-day trading on Monday . The company traded as low as C$0.50 and last traded at C$0.50. 4,100 shares changed hands during trading, a decline of 87% from the average session volume of 31,366 shares. The stock had previously closed at C$0.51.

Pasofino Gold Trading Down 2.0 %

The firm has a market capitalization of C$56.12 million, a P/E ratio of -1.47 and a beta of 1.10. The firm has a 50 day moving average price of C$0.53 and a 200-day moving average price of C$0.58.

Insider Activity at Pasofino Gold

In other news, Senior Officer Lincoln Greenidge acquired 59,500 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of C$0.58 per share, with a total value of C$34,510.00. 70.53% of the stock is currently owned by insiders.

About Pasofino Gold

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.