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

Portofino Resources Inc. (CVE:POR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 7500 shares changing hands. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The company’s 50 day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. The company has a debt-to-equity ratio of -17.88, a current ratio of 0.13 and a quick ratio of 0.28. The stock has a market capitalization of C$1.75 million, a P/E ratio of -1.00 and a beta of -1.55.

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.