First Mining Gold (TSE:FF) Trading Down 1.6% - Time to Sell?

Key Points

• First Mining Gold Corp.'s stock fell 1.6% to C$0.32, with trading volume increasing by 77% compared to its average.
• Company insider Keith Neumeyer purchased 250,000 shares at C$0.17 per share, contributing to a total of 375,000 shares bought by insiders in the last quarter.
• First Mining Gold is focused on the Springpole Gold Project in Ontario, which is one of Canada's largest undeveloped gold projects, with ongoing permitting activities.

First Mining Gold Corp. (TSE:FF - )'s stock price fell 1.6% on Thursday . The stock traded as low as C$0.31 and last traded at C$0.32. 2,789,339 shares were traded during mid-day trading, an increase of 77% from the average session volume of 1,578,999 shares. The stock had previously closed at C$0.32.

First Mining Gold Stock Down 1.6%

The company's 50 day moving average price is C$0.25 and its two-hundred day moving average price is C$0.19. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of C$402.68 million, a P/E ratio of -28.84 and a beta of 0.81.

Insider Buying and Selling

In other news, Director Keith Neumeyer bought 250,000 shares of the firm's stock in a transaction on Friday, July 25th. The shares were bought at an average price of C$0.17 per share, for a total transaction of C$42,500.00. In the last quarter, insiders have purchased 375,000 shares of company stock worth $62,750. 4.18% of the stock is currently owned by company 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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