First Tin (LON:1SN) Shares Down 6% – Here’s What Happened

First Tin Plc (LON:1SN) dropped 6% on Wednesday . The stock traded as low as GBX 9.50 and last traded at GBX 9.87. 202,833 shares were traded during mid-day trading, a decline of 70% from the average session volume of 687,496 shares. The stock had previously closed at GBX 10.50.

First Tin Price Performance

The stock has a market capitalization of £59.06 million, a PE ratio of -40.37 and a beta of 1.41. The company has a 50 day moving average price of GBX 11.87 and a 200-day moving average price of GBX 13.18.

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.