First Tin (LON:1SN) Trading 14.9% Higher – Should You Buy?

First Tin Plc (LON:1SN) rose 14.9% during mid-day trading on Monday . The stock traded as high as GBX 13 and last traded at GBX 12.06. Approximately 4,262,426 shares were traded during trading, an increase of 65% from the average daily volume of 2,584,438 shares. The stock had previously closed at GBX 10.50.

First Tin Trading Up 14.9%

The stock’s 50-day moving average is GBX 8.57 and its 200-day moving average is GBX 7.05. The stock has a market cap of £54.50 million, a P/E ratio of -30.92 and a beta of 1.41.

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

Insider Activity

In other First Tin news, insider Brett Smith acquired 27,142,856 shares of First Tin stock in a transaction dated Monday, December 15th. The stock was bought at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. Also, insider Charles Cannon Brookes bought 4,289,286 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of GBX 7 per share, for a total transaction of £300,250.02. In the last quarter, insiders acquired 31,860,713 shares of company stock worth $223,024,991. Corporate insiders own 12.97% 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.