Portofino Resources (CVE:POR) Sets New 12-Month High – Here’s Why

Shares of Portofino Resources Inc. (CVE:POR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.01 and last traded at C$0.01, with a volume of 3295 shares trading hands. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The company has a debt-to-equity ratio of -20.00, a quick ratio of 0.28 and a current ratio of 0.05. The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01. The stock has a market cap of C$1.75 million, a price-to-earnings ratio of -1.00 and a beta of -3.45.

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.