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

Shares of First Mining Gold Corp. (TSE:FF - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.17, with a volume of 2745881 shares trading hands. The stock had previously closed at C$0.17.

Analyst Ratings Changes

Separately, Haywood Securities upgraded First Mining Gold to a "strong-buy" rating in a research note on Friday, March 21st.

First Mining Gold Stock Performance

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 firm has a market capitalization of C$180.11 million, a PE ratio of -3.79 and a beta of 0.99. The company's 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.13.

Insider Activity

In other news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$31,250.00. Over the last three months, insiders have bought 365,000 shares of company stock valued at $48,371. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.