Portofino Resources (CVE:POR) Reaches New 1-Year Low at $0.04

Portofino Resources Inc. (CVE:POR) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 153519 shares trading hands. The stock had previously closed at C$0.05.

Portofino Resources Price Performance

The firm has a market capitalization of C$6.91 million, a P/E ratio of -2.00 and a beta of 1.64. The stock’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07.

About Portofino Resources

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.