First Mining Gold (TSE:FF) Trading Up 1.6% – Time to Buy?

Shares of First Mining Gold Corp. (TSE:FF) shot up 1.6% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 2,058,692 shares changed hands during mid-day trading, an increase of 115% from the average session volume of 957,913 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

First Mining Gold Trading Up 1.6 %

The firm has a market cap of C$164.22 million, a P/E ratio of -3.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01. The business’s 50-day moving average is C$0.13 and its two-hundred day moving average is C$0.13.

Insider Activity at First Mining Gold

In other First Mining Gold news, Director Keith Neumeyer acquired 250,000 shares of First Mining Gold stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$0.13 per share, with a total value of C$31,250.00. 4.18% of the stock is owned by company insiders.

About First Mining Gold

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.