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

Shares of First Mining Gold Corp. (TSE:FF - Get Free Report) hit a new 52-week high on Monday . The company 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.

Analysts Set New Price Targets

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

First Mining Gold Stock Performance

The firm has a market capitalization of C$174.82 million, a price-to-earnings ratio of -3.68 and a beta of 0.99. The firm has a 50 day moving average price of C$0.14 and a 200-day moving average price of C$0.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01.

Insider Buying and Selling at First Mining Gold

In other news, Director Keith Neumeyer acquired 250,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of C$0.13 per share, with a total value of C$31,250.00. Insiders have purchased 365,000 shares of company stock valued at $48,371 in the last quarter. Corporate 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.