First Tin (LON:1SN) Trading Up 3.7% – Time to Buy?

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

First Tin Stock Performance

The stock has a 50-day simple moving average of GBX 10.05 and a 200 day simple moving average of GBX 7.76. The stock has a market capitalization of £80.85 million, a P/E ratio of -38.26 and a beta of 1.41.

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

Insider Activity

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 shares were bought at an average price of GBX 7 per share, with a total value of £300,250.02. Also, insider Brett Smith purchased 27,142,856 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, with a total value of £1,899,999.92. In the last quarter, insiders have acquired 31,860,713 shares of company stock valued at $223,024,991. 12.97% of the stock is currently owned by 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.