First Mining Gold (TSE:FF) Stock Price Up 1.6% - Still a Buy?

Shares of First Mining Gold Corp. (TSE:FF - Get Free Report) shot up 1.6% during trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 2,188,692 shares changed hands during trading, an increase of 128% from the average session volume of 959,623 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Separately, Haywood Securities upgraded 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 cap of C$180.11 million, a price-to-earnings ratio of -3.79 and a beta of 0.99. The company has a fifty day moving average price of C$0.14 and a two-hundred day moving average price of C$0.13.

Insiders Place Their Bets

In other news, Director Keith Neumeyer bought 250,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was bought at an average cost of C$0.13 per share, for a total transaction of C$31,250.00. Over the last 90 days, insiders have acquired 365,000 shares of company stock worth $48,371. 4.18% of the stock is owned by 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.