Portofino Resources (CVE:POR) Stock Price Up 100% – Here’s Why
by Tristan Rich · The Markets DailyPortofino Resources Inc. (CVE:POR – Get Free Report) shares were up 100% during trading on Friday . The stock traded as high as C$0.01 and last traded at C$0.01. Approximately 23,107 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 56,457 shares. The stock had previously closed at C$0.01.
Portofino Resources Price Performance
The company has a quick ratio of 0.28, a current ratio of 0.05 and a debt-to-equity ratio of -20.00. The firm has a market capitalization of C$1.75 million, a PE ratio of -1.00 and a beta of -4.93. The stock has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.01.
About Portofino Resources
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.