Portofino Resources (CVE:POR) Hits New 12-Month Low – Here’s Why

Portofino Resources Inc. (CVE:PORGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 1309500 shares traded. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The business’s 50 day simple moving average is C$0.01 and its 200 day simple moving average is C$0.02. The company has a market capitalization of C$1.75 million, a price-to-earnings ratio of -0.50 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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