Portofino Resources (CVE:POR) Reaches New 52-Week Low – Time to Sell?

Portofino Resources Inc. (CVE:PORGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 46000 shares. The stock had previously closed at C$0.01.

Portofino Resources Stock Up 100.0 %

The business’s 50-day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01. The firm has a market cap of C$1.75 million, a PE ratio of -1.92 and a beta of 1.55. The company has a current ratio of 0.13, a quick ratio of 0.28 and a debt-to-equity ratio of -17.88.

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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