Tinka Resources (CVE:TK) Reaches New 52-Week Low – Here’s Why

Shares of Tinka Resources Limited (CVE:TKGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 284100 shares. The stock had previously closed at C$0.06.

Tinka Resources Price Performance

The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09. The company has a market capitalization of C$21.52 million, a PE ratio of -26.00 and a beta of 1.42.

Insider Transactions at Tinka Resources

In related news, insider L.P.) Sentient Executive Gp Iv Limited (For The General Partner Of Sentient Global Resources Fund Iv sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$0.07, for a total value of C$32,500.00. Corporate insiders own 39.22% of the company’s stock.

About Tinka Resources

(Get Free Report)

Tinka Resources Limited engages in the acquisition and exploration of base and precious metals mineral properties in Peru. It primarily explores for zinc, lead, silver, tin, gold, and copper deposits. The company’s flagship project comprises the 100% interests in the Ayawilca project that consists of 59 granted mining concessions covering an area of approximately 16,548 hectares located in the Department of Pasco, Central Peru.

Further Reading

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