Tinka Resources (CVE:TK) Shares Down 3.9% – Here’s Why

Tinka Resources Limited (CVE:TK)’s stock price traded down 3.9% on Wednesday . The company traded as low as C$0.35 and last traded at C$0.37. 318,327 shares were traded during mid-day trading, an increase of 39% from the average session volume of 229,728 shares. The stock had previously closed at C$0.38.

Tinka Resources Stock Up 1.5%

The stock’s fifty day moving average is C$0.45 and its two-hundred day moving average is C$0.35. The firm has a market capitalization of C$45.44 million, a price-to-earnings ratio of -34.00 and a beta of 1.91.

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. Tinka Resources Limited was incorporated in 1987 and is headquartered in Vancouver, Canada.