First Mining Gold (TSE:FF) Trading 3.2% Higher - Still a Buy?

Shares of First Mining Gold Corp. (TSE:FF - Get Free Report) were up 3.2% on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 297,567 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 987,982 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

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

First Mining Gold Stock Performance

The stock's 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.13. The firm has a market cap of C$153.63 million, a P/E ratio of -3.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01.

Insiders Place Their Bets

In other news, Director Keith Neumeyer bought 250,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average cost of C$0.16 per share, for a total transaction of C$40,000.00. Insiders have purchased 565,000 shares of company stock valued at $81,650 in the last 90 days. 4.18% of the stock is currently 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.