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

Shares of Portofino Resources Inc. (CVE:POR) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 9000 shares. The stock had previously closed at C$0.01.

Portofino Resources Price Performance

The business has a 50 day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02. The company has a market capitalization of C$875,950.00, a price-to-earnings ratio of -0.25 and a beta of 1.55.

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.