Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) fell 50% on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. 109,500 shares were traded during mid-day trading, a decline of 57% from the average session volume of 252,562 shares. The stock had previously closed at C$0.01.
Portofino Resources Stock Performance
The stock has a market capitalization of C$877,220.00, a price-to-earnings ratio of -0.96 and a beta of 1.55. The company has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a quick ratio of 0.28, a current ratio of 0.13 and a debt-to-equity ratio of -17.88.
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.
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