Portofino Resources (CVE:POR) Hits New 1-Year Low – Time to Sell?

Portofino Resources Inc. (CVE:POR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 32500 shares changing hands. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The company has a debt-to-equity ratio of -17.88, a current ratio of 0.13 and a quick ratio of 0.28. The business has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The stock has a market cap of C$877,220.00, a price-to-earnings ratio of -1.00 and a beta of -1.80.

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.