Portofino Resources Inc. (CVE:POR – Get Free Report) shares rose 50% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 164,422 shares traded hands during trading, a decline of 12% from the average daily volume of 187,131 shares. The stock had previously closed at C$0.01.
Portofino Resources Trading Down 33.3 %
The company has a market capitalization of C$1.75 million, a PE 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$0.02.
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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