Tinka Resources (CVE:TK) Reaches New 52-Week Low – Should You Sell?

Tinka Resources Limited (CVE:TK) shares hit a new 52-week low on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 104000 shares trading hands. The stock had previously closed at C$0.06.

Tinka Resources Price Performance

The firm’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.09. The company has a market capitalization of C$23.48 million, a PE ratio of -26.00 and a beta of 1.42.

Insider Transactions at Tinka Resources

In other news, insider L.P.) Sentient Executive Gp Iv Limited (For The General Partner Of Sentient Global Resources Fund Iv sold 500,000 shares of Tinka Resources 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. Insiders sold 1,087,000 shares of company stock valued at $67,720 over the last quarter. Company insiders own 39.22% of the company’s stock.

About Tinka Resources

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.