First Tin (LON:1SN) Trading Up 5% – Here’s What Happened

Shares of First Tin Plc (LON:1SN) rose 5% on Friday . The company traded as high as GBX 5.25 ($0.07) and last traded at GBX 5.25 ($0.07). Approximately 1,589,138 shares were traded during mid-day trading, an increase of 465% from the average daily volume of 281,408 shares. The stock had previously closed at GBX 5 ($0.06).

First Tin Trading Up 5.0 %

The company’s 50-day moving average is GBX 5.51 and its two-hundred day moving average is GBX 6.01. The stock has a market capitalization of £16.72 million, a P/E ratio of -525.00 and a beta of 1.41.

Insider Buying and Selling

In related news, insider Bill Scotting purchased 333,333 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of GBX 6 ($0.07) per share, for a total transaction of £19,999.98 ($24,786.19). Corporate 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.