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

First Mining Gold Corp. (TSE:FF - Get Free Report)'s stock price was up 1.6% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 2,058,692 shares changed hands during mid-day trading, an increase of 115% from the average daily volume of 957,913 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Separately, Haywood Securities upgraded 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 50-day moving average of C$0.14 and a 200-day moving average of C$0.13. The firm has a market capitalization of C$180.11 million, a price-to-earnings ratio of -3.79 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of C$0.13 per share, for a total transaction of C$31,250.00. Over the last three months, insiders have 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.