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

First Mining Gold Corp. (TSE:FF - Get Free Report)'s stock price reached a new 52-week high during 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 trading hands. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

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

Insider Activity at First Mining Gold

In other news, Director Keith Neumeyer acquired 250,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average price of C$0.16 per share, for a total transaction of C$40,000.00. Over the last 90 days, insiders bought 565,000 shares of company stock worth $81,650. 4.18% of the stock is currently owned by company insiders.

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.