First Mining Gold (TSE:FF) Hits New 12-Month High - What's Next?

First Mining Gold Corp. (TSE:FF - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.20 and last traded at C$0.21, with a volume of 503725 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

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 company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is C$0.17 and its 200-day moving average is C$0.14. The company has a market capitalization of C$217.19 million, a P/E ratio of -4.57 and a beta of 0.99.

Insiders Place Their Bets

In other news, Director Keith Neumeyer purchased 250,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of C$0.16 per share, for a total transaction of C$40,000.00. Over the last three months, insiders have purchased 565,000 shares of company stock valued at $81,650. 4.18% of the stock is currently owned by corporate 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.