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

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

Tinka Resources Price Performance

The stock’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.09. The stock has a market capitalization of C$23.48 million, a P/E 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 transaction of C$32,500.00. 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.