First Tin (LON:1SN) Posts Earnings Results

First Tin (LON:1SN) announced its quarterly earnings data on Wednesday. The company reported GBX (0.15) EPS for the quarter, Digital Look Earnings reports.

First Tin Price Performance

First Tin stock traded down GBX 0.50 during mid-day trading on Wednesday, reaching GBX 15.50. The company had a trading volume of 607,821 shares, compared to its average volume of 1,442,705. The stock’s 50-day simple moving average is GBX 13.76 and its 200-day simple moving average is GBX 9.55. First Tin has a 1 year low of GBX 4.56 and a 1 year high of GBX 19. The company has a market capitalization of £83.99 million, a P/E ratio of -39.74 and a beta of 1.41.

Insider Buying and Selling

In other news, insider Brett Smith purchased 27,142,856 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. Also, insider Bill Scotting acquired 428,571 shares of First Tin stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average cost of GBX 7 per share, with a total value of £29,999.97. Insiders have bought a total of 31,860,713 shares of company stock worth $223,024,991 in the last quarter. Company insiders own 14.02% 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.