Portofino Resources (CVE:POR) Reaches New 12-Month Low – Should You Sell?

Shares of Portofino Resources Inc. (CVE:POR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 32500 shares trading hands. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The firm has a fifty day moving average of C$0.01 and a 200 day moving average of C$0.01. The company has a debt-to-equity ratio of -17.88, a current ratio of 0.13 and a quick ratio of 0.28. The stock has a market capitalization of C$1.75 million, a price-to-earnings ratio of -1.00 and a beta of -1.80.

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.