Portofino Resources Inc. (CVE:POR – Get Free Report) shares dropped 10% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 71,000 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 152,619 shares. The stock had previously closed at C$0.05.
Portofino Resources Price Performance
The stock has a market capitalization of C$8.64 million, a price-to-earnings ratio of -2.50 and a beta of 1.64. The firm’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.07.
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.
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