First Mining Gold (TSE:FF) Hits New 1-Year High - Should You Buy?

Key Points

• First Mining Gold Corp. (TSE:FF) shares reached a new 52-week high, trading at C$0.33, with a significant volume of 3,574,755 shares exchanged.
• The company has a current market capitalization of C$409.07 million, with relatively low debt and positive trading momentum indicated by a recent price increase of 6.7%.
• Insider buying activity has been notable, with director Keith Neumeyer purchasing 250,000 shares, totaling C$42,500 in recent months.

First Mining Gold Corp. (TSE:FF - ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.33 and last traded at C$0.33, with a volume of 3574755 shares traded. The stock had previously closed at C$0.30.

First Mining Gold Trading Up 6.7%

The firm has a market capitalization of C$409.07 million, a price-to-earnings ratio of -29.29 and a beta of 0.81. 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 firm's 50-day simple moving average is C$0.23 and its 200 day simple moving average is C$0.19.

Insider Buying and Selling

In related news, Director Keith Neumeyer bought 250,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were purchased at an average price of C$0.17 per share, for a total transaction of C$42,500.00. Insiders have purchased 375,000 shares of company stock worth $62,750 in the last three months. 4.18% of the stock is owned by 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.

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