Portofino Resources (CVE:POR) Reaches New 12-Month Low – Time to Sell?

by · The Cerbat Gem

Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 303000 shares. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The business has a fifty day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The company has a current ratio of 0.13, a quick ratio of 0.28 and a debt-to-equity ratio of -17.88. The stock has a market cap of C$877,220.00, a PE ratio of -1.00 and a beta of -1.55.

Portofino Resources Company Profile

(Get Free Report)

Portofino Resources Inc acquires, explores for, and develops mineral properties in the Americas. The company holds an option to acquire 100% interests in the Sapawe West property that comprises various claims totaling 1,147 hectares located in the Schwenger and McCaul Townships, Ontario; the Gold Creek property comprising various mining claims containing various contiguous cell units covering an area of approximately 4,036 hectares located primarily in the Duckworth Township, Ontario; and the Melema West gold property covering an area of 869 hectares located to the northeast of the town of Atikokan, Ontario.

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