Tinka Resources (CVE:TK) Reaches New 1-Year Low – Time to Sell?

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

Tinka Resources Price Performance

The business has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.09. The stock has a market capitalization of C$23.48 million, a price-to-earnings ratio of -26.00 and a beta of 1.42.

Insider Activity

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 the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$0.07, for a total value of C$32,500.00. Insiders sold a total of 1,087,000 shares of company stock valued at $67,720 over the last three months. Insiders own 39.22% of the company’s stock.

Tinka Resources Company Profile

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.