First Mining Gold (TSE:FF) Sets New 52-Week High - Here's Why

Key Points

• First Mining Gold Corp. has reached a new 52-week high share price of C$0.22, trading a volume of 4,908,073 shares.
• The company's market capitalization stands at C$262.06 million, with a current debt-to-equity ratio of 0.12.
• Insider activity indicates confidence, as Director Keith Neumeyer purchased 1,250,000 shares at an average cost of C$0.18 per share.

First Mining Gold Corp. (TSE:FF - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 4908073 shares changing hands. The stock had previously closed at C$0.20.

First Mining Gold Price Performance

The company has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The stock has a market capitalization of C$281.24 million, a price-to-earnings ratio of -20.14 and a beta of 0.52.

Insider Activity

In other First Mining Gold news, Director Keith Neumeyer acquired 250,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of C$0.17 per share, for a total transaction of C$42,500.00. Insiders acquired a total of 1,725,000 shares of company stock valued at $308,220 in the last quarter. Company 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.