Portage Resources Inc (POTG) Shares Stable!
Shares of Portage Resources Inc(NDA) (PINK:POTG) are showing early strength after soaring about 36% during the past week.
Shares of POTG climbed 27% on June 28, following the company said that its wholly owned subsidiary Portage Minerals S.A., agreed to acquire the Linderos Property in exchange of 10 million shares of Portage Resources Inc. to Nilam Resources.
Investors reacted positively to the news as INGEMET issued a report stating that the area of the company’s acquired project has 500,000 proven ounces of gold.
An additional studies made be a P. Geologist concluded that Linderos project contains 1,000,000 ounces immediately near surface and following the drilling, the amounts could be more than the estimated.
POTG Portage Resources Outstanding Shares
The company has a total outstanding shares of 637.20 million, of which 589.20 million shares are floating.
Shares of POTG are now up 2.38% to $0.78 after climbing to $0.82 earlier in the session. The company has a market capitalization of $495.74 million.
Portage Resources Inc., is a pre-exploration stage company, is engaged in acquiring and developing mineral properties in Canada. The company was established in 2006 and is based in Saint Wenceslas, Canada.
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