Portofino Resources (CVE:POR) Reaches New 52-Week Low – Here’s What Happened

Shares of Portofino Resources Inc. (CVE:PORGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 1000 shares. The stock had previously closed at C$0.01.

Portofino Resources Trading Down 50.0 %

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 business has a 50 day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The firm has a market cap of C$877,220.00, a P/E ratio of -0.96 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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