First Mining Gold (TSE:FF) Trading Down 3.8% – Time to Sell?

Shares of First Mining Gold Corp. (TSE:FF) traded down 3.8% on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.13. 2,018,027 shares were traded during mid-day trading, an increase of 135% from the average session volume of 857,741 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on First Mining Gold from C$0.80 to C$0.35 in a report on Tuesday, November 12th.

First Mining Gold Stock Down 3.8 %

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 company has a fifty day simple moving average of C$0.13 and a 200 day simple moving average of C$0.13. The firm has a market capitalization of C$132.44 million, a P/E ratio of -2.79 and a beta of 0.99.

Insiders Place Their Bets

In other First Mining Gold news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of C$0.12 per share, with a total value of C$30,000.00. Corporate insiders own 4.18% of the company’s stock.

About First Mining Gold

First Mining Gold Corp. engages in the acquisition, development, and exploration of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km southeast of Kenora in northwestern Ontario.