First Tin (LON:1SN) Trading 14% Higher – Time to Buy?

First Tin Plc (LON:1SN) shot up 14% during mid-day trading on Wednesday . The stock traded as high as GBX 9.12 and last traded at GBX 9.12. 1,881,851 shares traded hands during mid-day trading, an increase of 526% from the average session volume of 300,480 shares. The stock had previously closed at GBX 8.

First Tin Stock Performance

The stock’s 50 day moving average is GBX 7.05 and its 200 day moving average is GBX 6.27. The company has a market capitalization of £41.21 million, a PE ratio of -23.38 and a beta of 1.41.

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

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.