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

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

First Tin Price Performance

The firm has a market cap of £61.00 million, a PE ratio of -34.62 and a beta of 1.41. The firm has a 50-day simple moving average of GBX 8.65 and a 200 day simple moving average of GBX 7.10.

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 related news, insider Brett Smith acquired 27,142,856 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. Also, insider Bill Scotting bought 428,571 shares of the company’s stock in a transaction on Monday, December 15th. The stock was bought at an average cost of GBX 7 per share, for a total transaction of £29,999.97. Over the last ninety days, insiders acquired 31,860,713 shares of company stock worth $223,024,991. 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.