Portofino Resources (CVE:POR) Stock Price Up 100% – Here’s Why

Shares of Portofino Resources Inc. (CVE:PORGet Free Report) were up 100% during mid-day trading on Tuesday . The stock traded as high as C$0.01 and last traded at C$0.01. Approximately 129,468 shares changed hands during trading, an increase of 128% from the average daily volume of 56,735 shares. The stock had previously closed at C$0.01.

Portofino Resources Trading Up 100.0%

The company has a 50 day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The firm has a market cap of C$1.75 million, a price-to-earnings ratio of -1.00 and a beta of -3.61. The company has a debt-to-equity ratio of -17.88, a quick ratio of 0.28 and a current ratio of 0.13.

Portofino Resources Company Profile

(Get Free Report)

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.

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