Portofino Resources (CVE:POR) Trading 100% Higher – Should You Buy?

by · The Cerbat Gem

Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) shot up 100% during trading on Wednesday . The stock traded as high as C$0.01 and last traded at C$0.01. 103,000 shares changed hands during trading, a decline of 57% from the average session volume of 240,682 shares. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The company has a market cap of C$1.75 million, a PE ratio of -1.00 and a beta of -1.80. 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’s 50 day moving average is C$0.01 and its two-hundred day moving average is 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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