Portofino Resources (CVE:POR) Hits New 1-Year Low – Here’s What Happened

Portofino Resources Inc. (CVE:POR)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 65000 shares traded. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The stock has a market capitalization of C$877,220.00, a P/E 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 company has a fifty day simple moving average of C$0.01 and a two-hundred day simple moving average of 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.