First Mining Gold (TSE:FF) Sets New 1-Year High - Still a 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 - Get Free Report)'s share price reached a new 52-week high during trading 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 Stock Up 3.5%

The firm has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.17. 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 company has a market cap of C$377.11 million, a price-to-earnings ratio of -27.00 and a beta of 0.52.

Insider Transactions at First Mining Gold

In related news, Director Keith Neumeyer purchased 250,000 shares of First Mining Gold stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of C$0.17 per share, with a total value of C$42,500.00. Insiders purchased a total of 1,725,000 shares of company stock worth $308,220 over the last 90 days. 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.