Tinka Resources (CVE:TK) Sets New 1-Year Low – Here’s Why

Tinka Resources Limited (CVE:TK) reached a new 52-week low during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 193575 shares changing hands. The stock had previously closed at C$0.05.

Tinka Resources Stock Performance

The stock has a market capitalization of C$15.65 million, a PE ratio of -26.00 and a beta of 1.42. The stock’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.08.

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 17,692,000 shares of Tinka Resources stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of C$0.04, for a total value of C$633,373.60. Over the last 90 days, insiders have sold 19,592,000 shares of company stock worth $748,109. Corporate 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.