First Tin (LON:1SN) Trading Up 18.4% – Still a Buy?

Shares of First Tin Plc (LON:1SN) traded up 18.4% during trading on Monday . The company traded as high as GBX 13.50 and last traded at GBX 13.50. 1,465,210 shares changed hands during trading, a decline of 29% from the average session volume of 2,078,142 shares. The stock had previously closed at GBX 11.40.

First Tin Price Performance

The company’s 50-day moving average price is GBX 9.01 and its two-hundred day moving average price is GBX 7.27. The company has a market capitalization of £73.15 million, a P/E ratio of -34.62 and a beta of 1.41.

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

Insider Buying and Selling

In other First Tin news, insider Bill Scotting purchased 428,571 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of GBX 7 per share, for a total transaction of £29,999.97. Also, insider Brett Smith purchased 27,142,856 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of GBX 7 per share, with a total value of £1,899,999.92. Over the last three months, insiders have acquired 31,860,713 shares of company stock valued at $223,024,991. 12.97% of the stock is owned by company insiders.

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.