Tinka Resources (CVE:TK) Trading Down 3.7%

Tinka Resources Limited (CVE:TK) shares traded down 3.7% during trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13. 27,075 shares were traded during mid-day trading, a decline of 52% from the average session volume of 56,817 shares. The stock had previously closed at C$0.14.

Tinka Resources Stock Performance

The business’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.11. The company has a market cap of C$50.87 million, a P/E ratio of -26.00 and a beta of 1.38.

Insider Buying and Selling

In related news, Director Graham Donald Carman bought 379,000 shares of Tinka Resources stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of C$0.11 per share, with a total value of C$41,652.10. In the last 90 days, insiders purchased 687,000 shares of company stock valued at $81,027. Company insiders own 39.08% 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.