First Tin (LON:1SN) Stock Price Down 3.8% – What’s Next?

Shares of First Tin Plc (LON:1SN) dropped 3.8% during mid-day trading on Thursday . The stock traded as low as GBX 5.10 ($0.06) and last traded at GBX 5.10 ($0.06). Approximately 30,000 shares traded hands during trading, a decline of 56% from the average daily volume of 68,179 shares. The stock had previously closed at GBX 5.30 ($0.07).

First Tin Stock Down 3.8 %

The stock has a market capitalization of £16.25 million, a price-to-earnings ratio of -510.00 and a beta of 1.41. The stock’s 50-day simple moving average is GBX 5.74 and its 200 day simple moving average is GBX 5.99.

Insider Transactions at First Tin

In related news, insider Bill Scotting purchased 333,333 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of GBX 6 ($0.07) per share, with a total value of £19,999.98 ($24,609.30). 49.83% of the stock is owned by company insiders.

First Tin Company Profile

First Tin is an ethical, reliable and sustainable tin development company with advanced, low capex projects in Germany and Australia, led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia.

First Tin’s goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions, for which tin is critical.