Tinka Resources (CVE:TK) Hits New 52-Week Low – What’s Next?

Shares of Tinka Resources Limited (CVE:TK) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 1100 shares changing hands. The stock had previously closed at C$0.05.

Tinka Resources Trading Down 10.0 %

The business’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.09. The company has a market capitalization of C$17.61 million, a P/E ratio of -26.00 and a beta of 1.42.

Insider Buying and Selling

In other 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 stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$0.06, for a total transaction of C$36,840.00. Insiders sold 1,900,000 shares of company stock valued at $114,735 over the last quarter. Corporate 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.