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

Portofino Resources Inc. (CVE:POR)’s share price reached 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 9000 shares trading hands. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The company has a market capitalization of C$875,950.00, a P/E ratio of -0.25 and a beta of 1.55. The firm’s 50-day moving average is C$0.01 and its 200-day moving average is C$0.02.

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.