First Tin (LON:1SN) Stock Falls 4.2% – Here’s Why

First Tin Plc (LON:1SN) dropped 4.2% during trading on Thursday. The company traded as low as GBX 11.50 and last traded at GBX 11.50. 188,314 shares were traded during trading, a decline of 67% from the average daily volume of 576,885 shares. The stock had previously closed at GBX 12.

First Tin Stock Up 20.0%

The company’s 50-day moving average is GBX 12.03 and its two-hundred day moving average is GBX 11.94. The company has a market cap of £74.78 million, a P/E ratio of -51.11 and a beta of 1.41.

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.