First Mining Gold (TSE:FF) Shares Up 3.6% – Here’s Why

Shares of First Mining Gold Corp. (TSE:FF) were up 3.6% during trading on Monday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 817,597 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 901,473 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

Separately, Haywood Securities upgraded shares of First Mining Gold to a “strong-buy” rating in a research note on Friday, March 21st.

First Mining Gold Price Performance

The firm has a market capitalization of C$148.33 million, a P/E ratio of -3.12 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.13.

Insider Activity

In related news, Director Keith Neumeyer acquired 250,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of C$0.13 per share, for a total transaction of C$31,250.00. Corporate insiders own 4.18% of the company’s stock.

First Mining Gold Company Profile

First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada. The results of a positive Pre-Feasibility Study for the Springpole Gold Project were announced by First Mining in January 2021, and permitting activities are on-going with submission of an Environmental Impact Statement for the project targeted for 2021.