First Tin (LON:1SN) Stock Price Down 3.8% – Time to Sell?

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

First Tin Stock Up 0.1 %

The stock’s 50-day moving average price is GBX 5.72 and its 200 day moving average price is GBX 5.99. The company has a market cap of £16.90 million, a P/E ratio of -530.50 and a beta of 1.41.

Insider Activity

In related news, insider Bill Scotting acquired 333,333 shares of the stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of GBX 6 ($0.07) per share, for a total transaction of £19,999.98 ($24,420.00). 49.83% of the stock is currently 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.