Tinka Resources (CVE:TK) Hits New 12-Month High - Time to Buy?

Key Points

• Tinka Resources Limited reached a new 52-week high, trading at C$0.44 with a total volume of 72,081 shares.
• The company's market cap is approximately C$177.78 million, and it has a negative price-to-earnings ratio of -26.00.
• Tinka Resources focuses on the acquisition and exploration of base and precious metals in Peru, with its flagship project being the Ayawilca project, covering about 16,548 hectares.

Tinka Resources Limited (CVE:TK - )'s stock price reached a new 52-week high on Wednesday . The company traded as high as C$0.44 and last traded at C$0.44, with a volume of 72081 shares changing hands. The stock had previously closed at C$0.40.

Tinka Resources Trading Up 8.7%

The firm has a market cap of C$177.78 million, a price-to-earnings ratio of -26.00 and a beta of 2.02. The business's 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05.

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.

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