First Mining Gold (TSE:FF) Hits New 52-Week High - Time to Buy?

Key Points

• First Mining Gold Corp. shares reached a new 52-week high of C$0.31, reflecting a 17.1% increase and significant trading volume of over 4.6 million shares.
• The company, with a market capitalization of C$415.46 million, has seen insider buying activity, with directors purchasing over 1.7 million shares valued at approximately C$308,220 in recent months.
• First Mining Gold is focused on developing the Springpole Gold Project in Ontario, one of Canada’s largest undeveloped gold projects, with ongoing permitting efforts and a positive Pre-Feasibility Study released in January 2021.

First Mining Gold Corp. (TSE:FF - ) shares hit a new 52-week high on Monday . The stock traded as high as C$0.31 and last traded at C$0.31, with a volume of 4610907 shares trading hands. The stock had previously closed at C$0.28.

First Mining Gold Trading Up 17.1%

The company has a market capitalization of C$415.46 million, a price-to-earnings ratio of -29.75 and a beta of 0.52. 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's 50 day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.17.

Insiders Place Their Bets

In other news, Director Keith Neumeyer bought 250,000 shares of the stock in a transaction on Friday, July 25th. The stock was bought at an average cost of C$0.17 per share, for a total transaction of C$42,500.00. Insiders have purchased 1,725,000 shares of company stock valued at $308,220 in the last three months. 4.18% of the stock is owned by company insiders.

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.

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