First Tin (LON:1SN) Stock Price Down 16.7% – Here’s Why

First Tin Plc (LON:1SN) was down 16.7% during trading on Monday . The company traded as low as GBX 10 and last traded at GBX 10. Approximately 571,833 shares traded hands during trading, a decline of 3% from the average daily volume of 590,837 shares. The stock had previously closed at GBX 12.

First Tin Trading Down 16.7%

The company has a fifty day moving average price of GBX 11.28 and a two-hundred day moving average price of GBX 12.32. The firm has a market cap of £54.19 million, a P/E ratio of -37.04 and a beta of 1.41.

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.