First Tin (LON:1SN) Hits New 1-Year High – What’s Next?

Shares of First Tin Plc (LON:1SN) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 13.50 and last traded at GBX 13.50, with a volume of 4088690 shares trading hands. The stock had previously closed at GBX 12.30.

First Tin Stock Performance

The firm has a market cap of £60.15 million, a P/E ratio of -28.46 and a beta of 1.41. The firm has a fifty day moving average of GBX 8.93 and a 200-day moving average of GBX 7.21.

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

Insider Buying and Selling

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