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

Tinka Resources Limited (CVE:TK) shares 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 104000 shares changing hands. The stock had previously closed at C$0.06.

Tinka Resources Price Performance

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. The company has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.09.

Insider Activity

In other Tinka Resources 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 company’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 90 days, insiders have sold 1,701,000 shares of company stock worth $104,560. Company 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.