Portofino Resources (CVE:POR) Trading 100% Higher – Here’s What Happened
by Sarita Garza · The Markets DailyPortofino Resources Inc. (CVE:POR – Get Free Report)’s stock price shot up 100% during mid-day trading on Wednesday . The stock traded as high as C$0.01 and last traded at C$0.01. 103,000 shares traded hands during mid-day 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 Price Performance
The stock has a fifty day moving average of C$0.01 and a 200 day moving average of C$0.01. The stock has a market cap of C$1.75 million, a price-to-earnings ratio of -1.00 and a beta of -1.80. The company has a debt-to-equity ratio of -17.88, a current ratio of 0.13 and a quick ratio of 0.28.
About Portofino Resources
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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