First Tin (LON:1SN) Sets New 12-Month High – Still a Buy?

First Tin Plc (LON:1SN)’s share price hit a new 52-week high during trading on Tuesday . The company 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 Stock Down 5.3%

The firm has a market cap of £40.67 million, a PE ratio of -23.08 and a beta of 1.41. The company’s fifty day moving average price is GBX 8.33 and its two-hundred day moving average price is GBX 6.86.

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

Insider Activity

In other First Tin news, insider Bill Scotting acquired 428,571 shares of the business’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 £29,999.97. Also, insider Brett Smith bought 27,142,856 shares of First Tin stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of GBX 7 per share, with a total value of £1,899,999.92. Insiders acquired 31,860,713 shares of company stock valued at $223,024,991 in the last three months. 12.97% of the stock is currently owned by company insiders.

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.