Tarku Resources (CVE:TKU) Hits New 12-Month Low – Time to Sell?

Tarku Resources Ltd. (CVE:TKU) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 796000 shares trading hands. The stock had previously closed at C$0.02.

Tarku Resources Stock Down 33.3 %

The firm has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.02. The company has a debt-to-equity ratio of 5.36, a current ratio of 0.27 and a quick ratio of 1.32. The stock has a market capitalization of C$1.27 million, a price-to-earnings ratio of -2.50 and a beta of -0.25.

About Tarku Resources

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.