First Tin (LON:1SN) Shares Down 1.8% – Here’s Why

First Tin Plc (LON:1SN)’s share price dropped 1.8% during mid-day trading on Friday . The stock traded as low as GBX 16 and last traded at GBX 16.20. Approximately 309,773 shares traded hands during trading, a decline of 80% from the average daily volume of 1,511,201 shares. The stock had previously closed at GBX 16.50.

First Tin Stock Performance

The company has a market cap of £87.78 million, a price-to-earnings ratio of -41.54 and a beta of 1.41. The company’s 50 day moving average price is GBX 13.47 and its 200 day moving average price is GBX 9.35.

Insiders Place Their Bets

In other First Tin news, insider Charles Cannon Brookes bought 4,289,286 shares of First Tin stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of GBX 7 per share, for a total transaction of £300,250.02. Also, insider Bill Scotting bought 428,571 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average cost of GBX 7 per share, for a total transaction of £29,999.97. Insiders have acquired a total of 31,860,713 shares of company stock valued at $223,024,991 over the last 90 days. 14.02% of the stock is currently owned by insiders.

About First Tin

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.