First Tin (LON:1SN) Trading 3.7% Higher – Still a Buy?

Shares of First Tin Plc (LON:1SN) traded up 3.7% during mid-day trading on Friday . The stock traded as high as GBX 15 and last traded at GBX 14. 368,683 shares traded hands during trading, a decline of 83% from the average session volume of 2,193,120 shares. The stock had previously closed at GBX 13.50.

First Tin Stock Up 13.9%

The business’s 50-day simple moving average is GBX 10.19 and its two-hundred day simple moving average is GBX 7.84. The firm has a market capitalization of £83.31 million, a price-to-earnings ratio of -39.42 and a beta of 1.41.

First Tin (LON:1SN) last announced its earnings results on Monday, October 27th. The company reported GBX (0.39) EPS for the quarter.

Insider Activity at First Tin

In other First Tin news, insider Charles Cannon Brookes acquired 4,289,286 shares of the company’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of GBX 7 per share, for a total transaction of £300,250.02. Also, insider Brett Smith bought 27,142,856 shares of the company’s stock in a transaction on Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. Insiders purchased a total of 31,860,713 shares of company stock valued at $223,024,991 over the last ninety days. Insiders own 12.97% of the company’s stock.

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.