Portofino Resources (CVE:POR) Stock Price Up 100% – Time to Buy?

by · The Cerbat Gem

Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) were up 100% during mid-day trading on Wednesday . The company traded as high as C$0.01 and last traded at C$0.01. Approximately 103,000 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 240,675 shares. The stock had previously closed at C$0.01.

Portofino Resources Trading Up 100.0%

The company has a debt-to-equity ratio of -17.88, a current ratio of 0.13 and a quick ratio of 0.28. The firm’s 50 day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The stock has a market capitalization of C$1.75 million, a P/E ratio of -1.00 and a beta of -1.80.

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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