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

Portofino Resources Inc. (CVE:POR)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 1000 shares trading hands. The stock had previously closed at C$0.01.

Portofino Resources Stock Down 50.0 %

The stock 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 debt-to-equity ratio of -17.88, a quick ratio of 0.28 and a current ratio of 0.13. The firm’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.