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

First Tin Plc (LON:1SN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 18 and last traded at GBX 18, with a volume of 3518196 shares changing hands. The stock had previously closed at GBX 15.

First Tin Stock Performance

The business has a 50-day simple moving average of GBX 10.19 and a 200 day simple moving average of GBX 7.85. The firm has a market cap of £97.54 million, a P/E ratio of -46.15 and a beta of 1.41.

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

Insider Activity at First Tin

In related news, insider Bill Scotting purchased 428,571 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, for a total transaction of £29,999.97. Also, insider Charles Cannon Brookes acquired 4,289,286 shares of First Tin stock in a transaction on Monday, December 15th. The shares were bought at an average cost of GBX 7 per share, for a total transaction of £300,250.02. Insiders have purchased a total of 31,860,713 shares of company stock worth $223,024,991 over the last quarter. 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.