First Tin (LON:1SN) Hits New 52-Week High – Here’s What Happened

First Tin Plc (LON:1SN) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 9.50 and last traded at GBX 9.50, with a volume of 3927116 shares traded. The stock had previously closed at GBX 8.80.

First Tin Price Performance

The business’s 50 day moving average price is GBX 8.28 and its 200-day moving average price is GBX 6.83. The company has a market cap of £42.93 million, a P/E ratio of -24.36 and a beta of 1.41.

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

Insider Buying and Selling

In related news, insider Charles Cannon Brookes bought 4,289,286 shares of First Tin stock in a transaction on Monday, December 15th. The shares were purchased at an average price of GBX 7 per share, for a total transaction of £300,250.02. Also, insider Brett Smith bought 27,142,856 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of GBX 7 per share, with a total value of £1,899,999.92. Insiders purchased a total of 31,860,713 shares of company stock valued at $223,024,991 over the last three months. Company 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.