It's The Calm Before The Storm For $POR.v Stock Portofino Resources (TSXV: POR) is retesting the upper bound of this long-standing descending triangle this week.
The company recently increased its lithium presence in Argentina by 6.5x through a lucrative deal with the state-owned company REMSa, and the privately-owned company Ronialem. The deal has no obligations for $POR.v to make upfront or backend payments of any kind, meaning there are only upsides for the company.
Updates on this agreement and the company’s exploration plans for the land should provide strong catalysts to push shares into a bullish trend.
$POR.v is currently trading at $.125 and the company is valued at $12.71 million. A much lower valuation than many of the other companies operating in the region.
https://www.nxtmine.com/news/articles/energy-critical-metals/portofino-resources-greatly-increases-the-size-of-its-lithium-presence-in-argentina-2/