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

Tinka Resources Limited (CVE:TK)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 3000 shares traded. The stock had previously closed at C$0.06.

Tinka Resources Stock Down 9.1 %

The stock’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.09. The stock has a market cap of C$19.57 million, a price-to-earnings ratio of -26.00 and a beta of 1.42.

Insider Buying and Selling 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 614,000 shares of the stock in a transaction dated 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 three months, insiders have sold 1,746,000 shares of company stock valued at $107,035. 39.22% of the stock is owned by insiders.

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.