Tinka Resources (CVE:TK) Stock Price Down 2% – What’s Next?

Tinka Resources Limited (CVE:TK)’s stock price traded down 2% on Friday . The company traded as low as C$0.50 and last traded at C$0.50. 52,000 shares were traded during mid-day trading, a decline of 78% from the average session volume of 239,476 shares. The stock had previously closed at C$0.51.

Tinka Resources Stock Down 2.0%

The firm has a market cap of C$40.87 million, a price-to-earnings ratio of -26.00 and a beta of 1.97. The stock’s 50 day moving average is C$0.46 and its 200 day moving average is C$0.28.

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.