DALLAS, June 16, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring development stage Portage Resources (Pink Sheets:POTG). The report includes information you need to know to make an educated investment decision, and also notes the company's most recent news.
POTG gained more than 160% in yesterday's trade; to find out why, check out the full report.
Portage Resources Inc. (POTG) is a start-up mineral company in the pre-exploration-stage. The Company's sole mineral property, the ROK 1-20 Claims, was located in the Yukon Territory, Canada. In December 2009, the Company allowed the claims to lapse and hence have no further rights to the minerals associated with the ROK 1-20 claims. The Company was seeking another mineral claim of merit as of April 2011.
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In the report, the analyst notes:
"Shares of POTG enjoyed a more than 163% increase in Wednesday's trading while trading volume hit approximately 34.18 million shares. The stock traded as high as $0.30, a new 52-week high, before settling down at $0.29. Market capitalization currently stands at $184.79 million and it has 637.20 million outstanding shares."
"The Company yesterday announced it has chosen Peru as its first area of expansion, citing the country's rich mining tradition and increasing economic strength. POTG said only about 12% of Peru's mineral resources have been worked, though the area has the capacity to double or triple the current levels of output, especially in base metals."
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