First Tin (LON:1SN) Shares Down 16.4% – Time to Sell?

First Tin Plc (LON:1SN)’s share price dropped 16.4% on Tuesday . The company traded as low as GBX 7.15 and last traded at GBX 7.15. Approximately 653,638 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 300,170 shares. The stock had previously closed at GBX 8.55.

First Tin Trading Up 0.5%

The company has a fifty day moving average of GBX 7.55 and a 200-day moving average of GBX 6.47. The company has a market capitalization of £34.62 million, a price-to-earnings ratio of -19.65 and a beta of 1.41.

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

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.