First Tin (LON:1SN) Sets New 52-Week High – Should You Buy?

First Tin Plc (LON:1SN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 15 and last traded at GBX 13.90, with a volume of 5954361 shares changing hands. The stock had previously closed at GBX 13.25.

First Tin Stock Performance

The firm has a market capitalization of £75.32 million, a PE ratio of -35.64 and a beta of 1.41. The stock has a fifty day moving average price of GBX 9.12 and a 200-day moving average price of GBX 7.32.

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

Insider Buying and Selling at First Tin

In other news, insider Charles Cannon Brookes purchased 4,289,286 shares of the business’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of GBX 7 per share, with a total value of £300,250.02. Also, insider Brett Smith acquired 27,142,856 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, with a total value of £1,899,999.92. Insiders bought a total of 31,860,713 shares of company stock worth $223,024,991 over the last three months. Corporate insiders own 12.97% of the company’s stock.

First Tin Company Profile

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.