First Tin (LON:1SN) Sets New 52-Week High – Still a Buy?

Shares of First Tin Plc (LON:1SN) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 7.55 ($0.10) and last traded at GBX 7.30 ($0.10), with a volume of 12612 shares. The stock had previously closed at GBX 7.13 ($0.10).

First Tin Price Performance

The stock has a market cap of £24.53 million, a P/E ratio of -735.00 and a beta of 1.41. The business’s fifty day moving average price is GBX 6.28 and its 200 day moving average price is GBX 5.79.

Insider Activity at First Tin

In other news, insider Charles Cannon Brookes acquired 700,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of GBX 500 ($6.69) per share, with a total value of £3,500,000 ($4,681,647.94). In other news, insider Charles Cannon Brookes acquired 700,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average price of GBX 500 ($6.69) per share, with a total value of £3,500,000 ($4,681,647.94). Also, insider Nicholas Mather sold 60,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of GBX 4 ($0.05), for a total transaction of £2,400,000 ($3,210,272.87). Insiders purchased a total of 1,960,000 shares of company stock valued at $357,200,000 in the last quarter. Insiders own 49.86% of the company’s stock.

About First Tin

First Tin Plc engages in the mining and development of tin in Germany and Australia. Its flagship assets include the Tellerhäuser Project in Saxony, Germany; and the Taronga Project in New South Wales, Australia. First Tin Plc was incorporated in 2012 and is based in London, the United Kingdom.