First Tin (LON:1SN) Trading 12.9% Higher - Here's What Happened

Key Points

• Shares jumped 12.9% on Wednesday to GBX 13.27 (intraday high GBX 13.80) while trading was light at ~296,884 shares, down about 73% versus the average daily volume.
• First Tin has a market cap of £71.88m and reported a quarterly EPS loss of GBX (0.15) (negative P/E), and is advancing low‑capex tin projects in Germany and Australia with a goal to bring two tin mines into production in three years to supply conflict‑free tin for clean‑energy applications.

First Tin Plc (LON:1SN - Get Free Report)'s share price was up 12.9% during trading on Wednesday . The stock traded as high as GBX 13.80 and last traded at GBX 13.27. Approximately 296,884 shares traded hands during trading, a decline of 73% from the average daily volume of 1,093,216 shares. The stock had previously closed at GBX 11.75.

First Tin Stock Performance

The firm has a market cap of £71.88 million, a price-to-earnings ratio of -49.13 and a beta of 1.41. The stock's fifty day moving average is GBX 14.83 and its two-hundred day moving average is GBX 11.18.

First Tin (LON:1SN - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported GBX (0.15) 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.

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