Portofino Resources (CVE:POR) Sets New 1-Year Low – Should You Sell?

Portofino Resources Inc. (CVE:POR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 198000 shares. The stock had previously closed at C$0.02.

Portofino Resources Stock Down 33.3 %

The stock has a market capitalization of C$1.75 million, a P/E ratio of -0.50 and a beta of 1.55. The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03.

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.