First Mining Gold (TSE:FF) Stock Price Up 1.5% After Insider Buying Activity

Key Points

• First Mining Gold Corp.'s stock price increased by 1.5% to C$0.17 following insider buying activity by Director Keith Neumeyer, who purchased 250,000 shares.
• The company's market capitalization stands at C$177.46 million with a debt-to-equity ratio of 0.12, indicating a solid financial position.
• First Mining is focused on developing the Springpole Gold Project, one of the largest undeveloped gold projects in Canada, with ongoing permitting efforts.

First Mining Gold Corp. (TSE:FF - Get Free Report) shot up 1.5% during mid-day trading on Monday following insider buying activity. The stock traded as high as C$0.17 and last traded at C$0.17. 2,716,806 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 1,169,714 shares. The stock had previously closed at C$0.17.

Specifically, Director Keith Neumeyer purchased 250,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of C$0.17 per share, with a total value of C$42,500.00.

First Mining Gold Stock Up 1.5%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The stock has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.15. The company has a market cap of C$177.46 million, a P/E ratio of -3.74 and a beta of 0.99.

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.

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