First Mining Gold (TSE:FF) Reaches New 1-Year High - Time to Buy?

Key Points

• First Mining Gold's stock reached a new 52-week high of C$0.24, marking a 10.3% increase from its previous close of C$0.22.
• Insider transactions showed significant activity, with Director Keith Neumeyer purchasing 250,000 shares at an average price of C$0.17, contributing to total insider purchases of 1,725,000 shares over the last 90 days.
• First Mining Gold is focused on developing the Springpole Gold Project, one of Canada's largest undeveloped gold projects, with positive pre-feasibility study results and ongoing permitting activities.

First Mining Gold Corp. (TSE:FF - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24, with a volume of 1835318 shares. The stock had previously closed at C$0.22.

First Mining Gold Stock Performance

The company has a market cap of C$354.74 million, a P/E ratio of -25.40 and a beta of 0.52. The firm has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30.

Insider Activity

In related news, Director Keith Neumeyer purchased 250,000 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was bought at an average price of C$0.17 per share, for a total transaction of C$42,500.00. In the last ninety days, insiders bought 1,725,000 shares of company stock worth $308,220. Corporate insiders own 4.18% of the company's stock.

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.