First Tin (LON:1SN) Trading Down 1.6% – Should You Sell?

First Tin Plc (LON:1SN) shares dropped 1.6% during trading on Wednesday . The company traded as low as GBX 5.90 ($0.07) and last traded at GBX 5.90 ($0.07). Approximately 12,460 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 755,074 shares. The stock had previously closed at GBX 6 ($0.08).

First Tin Stock Performance

The company has a 50 day moving average of GBX 6.08 and a 200 day moving average of GBX 5.97. The firm has a market cap of £19.11 million, a price-to-earnings ratio of -600.00 and a beta of 1.41.

Insiders Place Their Bets

In related news, insider Bill Scotting purchased 333,333 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £19,999.98 ($25,135.08). Corporate insiders own 49.83% 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.