First Tin (LON:1SN) Shares Down 2.1%

First Tin Plc (LON:1SN) dropped 2.1% during trading on Tuesday . The stock traded as low as GBX 6.63 ($0.09) and last traded at GBX 6.85 ($0.09). Approximately 496,930 shares were traded during trading, a decline of 49% from the average daily volume of 977,276 shares. The stock had previously closed at GBX 7 ($0.09).

First Tin Price Performance

The firm has a market capitalization of £20.78 million, a PE ratio of -652.50 and a beta of 1.41. The firm has a fifty day moving average price of GBX 5.68 and a 200 day moving average price of GBX 5.56.

Insider Activity

In related news, insider Nicholas Mather sold 60,000,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of GBX 4 ($0.05), for a total value of £2,400,000 ($3,138,485.68). In other First Tin news, insider Charles Cannon Brookes acquired 700,000 shares of First Tin stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of GBX 500 ($6.54) per share, with a total value of £3,500,000 ($4,576,958.28). Also, insider Nicholas Mather sold 60,000,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of GBX 4 ($0.05), for a total value of £2,400,000 ($3,138,485.68). Insiders purchased a total of 1,960,000 shares of company stock valued at $357,200,000 over the last three months. Insiders own 49.86% of the company’s stock.

First Tin Company Profile

First Tin Plc engages in the mining and development of tin in Germany and Australia. Its flagship assets include the Tellerhäuser Project in Saxony, Germany; and the Taronga Project in New South Wales, Australia. First Tin Plc was incorporated in 2012 and is based in London, the United Kingdom.