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

Tinka Resources Limited (CVE:TK)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 196205 shares. The stock had previously closed at C$0.11.

Tinka Resources Stock Down 9.5 %

The stock has a market cap of C$37.17 million, a price-to-earnings ratio of -26.00 and a beta of 1.42. The stock’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.12.

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.