Portofino Resources (CVE:POR) Shares Down 50% – Time to Sell?

Portofino Resources Inc. (CVE:POR)’s share price traded down 50% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01. 361,630 shares traded hands during trading, an increase of 22% from the average session volume of 296,857 shares. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The company has a market capitalization of C$877,220.00, a price-to-earnings ratio of -0.96 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. The stock’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

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.