First Mining Gold (TSE:FF) Trading 1.6% Higher - Time to Buy?

First Mining Gold Corp. (TSE:FF - Get Free Report) shot up 1.6% on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 2,058,692 shares were traded during trading, an increase of 115% from the average session volume of 956,564 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

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

First Mining Gold Price Performance

The firm's 50 day moving average price is C$0.14 and its two-hundred day moving average price is 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. The stock has a market cap of C$180.11 million, a PE ratio of -3.79 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$31,250.00. In the last ninety days, insiders acquired 365,000 shares of company stock valued at $48,371. 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.