Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) traded down 16.7% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 213,856 shares changed hands during trading, an increase of 46% from the average session volume of 146,896 shares. The stock had previously closed at C$0.03.
Portofino Resources Trading Down 16.7 %
The stock has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The stock has a market capitalization of C$4.38 million, a price-to-earnings ratio of -1.50 and a beta of 1.62.
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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