Shares of Portofino Resources Inc. (CVE:POR – Get Free Report) were up 40% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 315,000 shares changed hands during mid-day trading, an increase of 114% from the average daily volume of 147,071 shares. The stock had previously closed at C$0.03.
Portofino Resources Trading Up 40.0 %
The firm has a market cap of C$6.13 million, a PE ratio of -1.75 and a beta of 1.62. The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.
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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