First Tin (LON:1SN) Stock Price Up 11.6% – Here’s Why

First Tin Plc (LON:1SN) shares shot up 11.6% during trading on Wednesday . The stock traded as high as GBX 13 and last traded at GBX 12.50. 745,928 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 621,862 shares. The stock had previously closed at GBX 11.20.

First Tin Trading Up 11.6%

The company has a market cap of £67.73 million, a price-to-earnings ratio of -46.30 and a beta of 1.41. The stock’s 50 day moving average price is GBX 10.85 and its 200 day moving average price is GBX 13.

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.