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

First Tin Plc (LON:1SN) was down 3.8% on Thursday . The company traded as low as GBX 5.10 ($0.06) and last traded at GBX 5.10 ($0.06). Approximately 30,000 shares changed 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 Performance

The firm has a fifty day simple moving average of GBX 5.74 and a 200-day simple moving average of GBX 5.99. The company has a market capitalization of £16.25 million, a PE ratio of -510.00 and a beta of 1.41.

Insider Transactions at First Tin

In related news, insider Bill Scotting purchased 333,333 shares of First Tin stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of GBX 6 ($0.07) per share, with a total value of £19,999.98 ($24,609.30). Corporate insiders own 49.83% of the company’s stock.

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.