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

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

First Tin Stock Up 4.9%

The stock’s 50 day moving average price is GBX 9.12 and its 200-day moving average price is GBX 7.32. The stock has a market capitalization of £75.32 million, a PE ratio of -35.64 and a beta of 1.41.

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

Insider Activity

In related news, insider Bill Scotting purchased 428,571 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of GBX 7 per share, for a total transaction of £29,999.97. Also, insider Brett Smith purchased 27,142,856 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. In the last three months, insiders have acquired 31,860,713 shares of company stock worth $223,024,991. 12.97% of the stock is currently owned by corporate 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.