As prices of Portofino Resources $POR/POR.V continue to consolidate towards support at $.9, I’m watching for signs of a break from the current descending triangle pattern into some bullish movement.
After more consistent indicators of bottom formations in the trend as of late, It’s only a matter of time before we see some big moves in price action.
$POR’s Yergo Lithium Project is expected to begin drilling soon. As the acquisition of drilling permits has taken longer than expected, $POR’s representatives have been advised that the permits should be approved in very short order.
$POR.V has also executed an agreement to acquire the Greenheart Lake Lithium Property ("GL") and the McNamara Lake Lithium Property ("ML").
I’m looking for further updates on these announcements to provide the perfect catalyst for a breakout.
$POR is currently trading at $.12 and is valued at an MCAP of $11.93 million.
https://ceo.ca/@newsfile/portofino-announces-lithium-properties-updates-and