DALLAS, June 30, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Portage Resources Inc. (Pink Sheets:POTG). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/POTG
Portage Resources Inc. (POTG), a pre-exploration stage mineral company, focuses on the exploration and production of precious and base metals in Peru. The Company plans to recognize and acquire near-term production mining properties. Its Peruvian management team intends to research, review and prove any reserves for the purpose of production.
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In the report, the analyst notes:
"Shares of POTG corrected Wednesday following five days of upside, shedding $0.15, or 15.97%, to close at $0.80. The stock was traded on heavy volume of 50 million shares. The current market capitalization stands at $509.76 million and shares outstanding is at 637.20 million shares."
"POTG moved past 68% gains on Monday after the Company announced a definitive agreement to acquire the Wukakuy Properties in Peru, which potential reserves were estimated to be in excess of 58 million oz of silver."
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