Tinka Resources (CVE:TK) Shares Down 7.7% – What’s Next?

Tinka Resources Limited (CVE:TK)’s share price was down 7.7% during mid-day trading on Thursday . The company traded as low as C$0.34 and last traded at C$0.36. Approximately 559,252 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 291,219 shares. The stock had previously closed at C$0.39.

Tinka Resources Stock Performance

The firm’s 50 day moving average is C$0.43 and its 200 day moving average is C$0.39. The stock has a market cap of C$48.12 million, a P/E ratio of -18.00 and a beta of 1.34.

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