First Tin (LON:1SN) Shares Down 3.8% – Here’s Why

First Tin Plc (LON:1SN)’s share price fell 3.8% during mid-day 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 were traded during mid-day trading, a decline of 56% from the average session volume of 68,179 shares. The stock had previously closed at GBX 5.30 ($0.07).

First Tin Price Performance

The stock has a market capitalization of £16.25 million, a price-to-earnings ratio of -510.00 and a beta of 1.41. The stock has a 50-day moving average of GBX 5.74 and a 200 day moving average of GBX 5.99.

Insider Activity

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