First Tin (LON:1SN) Shares Down 1.6% – Here’s Why

Shares of First Tin Plc (LON:1SN) fell 1.6% on Wednesday . The company traded as low as GBX 5.90 ($0.07) and last traded at GBX 5.90 ($0.07). 12,460 shares changed hands during trading, a decline of 98% from the average session volume of 755,074 shares. The stock had previously closed at GBX 6 ($0.08).

First Tin Price Performance

The firm has a market cap of £19.11 million, a PE ratio of -600.00 and a beta of 1.41. The stock has a 50 day moving average price of GBX 6.13 and a two-hundred day moving average price of GBX 5.97.

Insiders Place Their Bets

In other First Tin news, insider Bill Scotting bought 333,333 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £19,999.98 ($25,144.56). 49.83% of the stock is owned by insiders.

First Tin Company Profile

First Tin Plc engages in the mining and development of tin in Germany and Australia. Its flagship assets include the Tellerhäuser Project in Saxony, Germany; and the Taronga Project in New South Wales, Australia. First Tin Plc was incorporated in 2012 and is based in London, the United Kingdom.