Portofino Resources (CVE:POR) Shares Up 33.3% – Still a Buy?

by · The Markets Daily

Portofino Resources Inc. (CVE:POR – Get Free Report) shares shot up 33.3% during trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 109,600 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 176,803 shares. The stock had previously closed at C$0.02.

Portofino Resources Stock Up 33.3 %

The firm has a market capitalization of C$3.50 million, a PE ratio of -0.75 and a beta of 1.55. The stock has a 50-day moving average price of C$0.02 and a 200 day moving average price of C$0.03.

About Portofino Resources

(Get Free Report)

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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