First Mining Gold (TSE:FF) Stock Price Up 2.5% - Time to Buy?

Key Points

• First Mining Gold Corp. (TSE:FF) saw a share price increase of 2.5%, with approximately 5.6 million shares traded, representing a 349% increase in trading volume compared to the average.
• The company has a market cap of C$262.06 million, with a price-to-earnings ratio of -18.77 and a low debt-to-equity ratio of 0.12.
• Insiders have shown confidence in the company by purchasing 1,725,000 shares over the last ninety days, indicating potential growth prospects.

First Mining Gold Corp. (TSE:FF - )'s share price rose 2.5% during trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 5,585,343 shares traded hands during trading, an increase of 349% from the average daily volume of 1,242,999 shares. The stock had previously closed at C$0.20.

First Mining Gold Stock Performance

The stock has a market cap of C$262.06 million, a price-to-earnings ratio of -18.77 and a beta of 0.40. 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 company's 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.16.

Insider Activity

In related news, Director Keith Neumeyer purchased 250,000 shares of First Mining Gold stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of C$0.17 per share, with a total value of C$42,500.00. Insiders have purchased 1,725,000 shares of company stock valued at $308,220 over the last ninety days. 4.18% of the stock is owned by corporate 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.

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