Tinka Resources (CVE:TK) Hits New 1-Year Low – Should You Sell?

Tinka Resources Limited (CVE:TK)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 104000 shares. The stock had previously closed at C$0.06.

Tinka Resources Price Performance

The company has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.09. The company has a market cap of C$23.48 million, a price-to-earnings 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 614,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$0.06, for a total value of C$36,840.00. Over the last 90 days, insiders sold 1,701,000 shares of company stock valued at $104,560. 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.