Portofino Resources (CVE:POR) Stock Price Up 100% – Here’s What Happened

Portofino Resources Inc. (CVE:POR)’s share price rose 100% during mid-day trading on Friday . The stock traded as high as C$0.01 and last traded at C$0.01. Approximately 402,658 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 295,845 shares. The stock had previously closed at C$0.01.

Portofino Resources Stock Performance

The company has a market capitalization of C$1.75 million, a P/E ratio of -1.92 and a beta of 1.55. The company’s 50 day moving average is C$0.01 and its 200-day moving average is C$0.01. The company has a current ratio of 0.13, a quick ratio of 0.28 and a debt-to-equity ratio of -17.88.

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.