Tinka Resources (CVE:TK) Trading Up 2.6% - What's Next?

Key Points

• Shares rose ~2.6% to C$0.40 on mid-day trading with ~432,000 shares changing hands, a ~68% increase over the average daily volume, signaling elevated trading interest.
• The company is a small, currently unprofitable miner with a market cap of C$53.46M, a negative P/E (-20.00), beta 1.32, and 50-/200-day SMAs of C$0.39/C$0.43.
• Tinka is a Peru-focused explorer of base and precious metals whose flagship is the 100% owned Ayawilca project spanning 59 granted concessions (~16,548 hectares).

Tinka Resources Limited (CVE:TK - ) shares were up 2.6% during mid-day trading on Thursday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 432,000 shares were traded during trading, an increase of 68% from the average daily volume of 257,679 shares. The stock had previously closed at C$0.39.

Tinka Resources Price Performance

The company has a market cap of C$53.46 million, a price-to-earnings ratio of -20.00 and a beta of 1.32. The business's 50-day simple moving average is C$0.39 and its 200-day simple moving average is C$0.43.

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.

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