First Mining Gold (TSE:FF) Trading Down 6.6% - What's Next?

First Mining Gold Corp. (TSE:FF - Get Free Report) was down 6.6% during mid-day trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 1,627,748 shares were traded during trading, an increase of 49% from the average daily volume of 1,094,953 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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 stock has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.15. The stock has a market cap of C$190.71 million, a P/E ratio of -4.02 and a beta of 0.99.

Insider Activity at First Mining Gold

In related news, Director Keith Neumeyer acquired 1,250,000 shares of the business's stock in a transaction that occurred on Friday, July 4th. The shares were bought at an average cost of C$0.18 per share, with a total value of C$226,500.00. Insiders bought 1,665,000 shares of company stock worth $295,870 over the last quarter. Company 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.