Pasofino Gold (CVE:VEIN) Stock Price Down 3.8% – Here’s What Happened

Shares of Pasofino Gold Limited (CVE:VEIN) traded down 3.8% during trading on Monday . The company traded as low as C$0.50 and last traded at C$0.50. 15,000 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 40,182 shares. The stock had previously closed at C$0.52.

Pasofino Gold Trading Down 3.8 %

The stock’s fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.59. The firm has a market cap of C$56.12 million, a P/E ratio of -1.47 and a beta of 1.10.

Insider Buying and Selling

In related news, Senior Officer Lincoln Greenidge acquired 59,500 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of C$0.58 per share, for a total transaction of C$34,510.00. 70.53% of the stock is currently owned by company 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.