Portofino Resources (CVE:POR) Sets New 12-Month Low – What’s Next?

Portofino Resources Inc. (CVE:POR) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 198000 shares changing hands. The stock had previously closed at C$0.02.

Portofino Resources Stock Performance

The stock has a market cap of C$1.75 million, a P/E ratio of -0.50 and a beta of 1.55. The firm has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03.

Portofino Resources Company Profile

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.