First Tin (LON:1SN) Reaches New 1-Year High – Here’s What Happened

First Tin Plc (LON:1SN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 9.50 and last traded at GBX 9.50, with a volume of 570136 shares trading hands. The stock had previously closed at GBX 9.

First Tin Stock Up 5.6%

The company has a 50-day moving average price of GBX 8.38 and a 200-day moving average price of GBX 6.91. The firm has a market capitalization of £42.93 million, a price-to-earnings ratio of -24.36 and a beta of 1.41.

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

Insider Activity

In related news, insider Brett Smith acquired 27,142,856 shares of First Tin stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of GBX 7 per share, with a total value of £1,899,999.92. Also, insider Charles Cannon Brookes bought 4,289,286 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of GBX 7 per share, with a total value of £300,250.02. Over the last ninety days, insiders have acquired 31,860,713 shares of company stock valued at $223,024,991. 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.