Portofino Resources (CVE:POR) Hits New 1-Year Low – Should You Sell?

by · The Markets Daily

Portofino Resources Inc. (CVE:POR – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 23000 shares traded. The stock had previously closed at C$0.01.

Portofino Resources Trading Down 50.0%

The firm has a market capitalization of C$877,220.00, a price-to-earnings ratio of -1.00 and a beta of -2.66. The company has a debt-to-equity ratio of -17.88, a quick ratio of 0.28 and a current ratio of 0.13. The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01.

About Portofino Resources

(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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