Tinka Resources (CVE:TK) Hits New 12-Month Low – Here’s Why

Tinka Resources Limited (CVE:TK) hit a new 52-week low on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 3000 shares. The stock had previously closed at C$0.06.

Tinka Resources Price Performance

The stock has a market cap of C$19.57 million, a price-to-earnings ratio of -26.00 and a beta of 1.42. The company’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.09.

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 614,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$0.06, for a total transaction of C$36,840.00. Over the last ninety days, insiders sold 1,746,000 shares of company stock worth $107,035. 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.