Portofino Resources (CVE:POR) Trading 33.3% Higher – Still a Buy?

Portofino Resources Inc. (CVE:POR)’s share price was up 33.3% during mid-day trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 109,600 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 176,803 shares. The stock had previously closed at C$0.02.

Portofino Resources Price Performance

The company has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. The company has a market cap of C$3.50 million, a P/E ratio of -1.00 and a beta of 1.55.

Portofino Resources Company Profile

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.