First Mining Gold (TSE:FF) Trading Down 5.6% - What's Next?

Key Points

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First Mining Gold Corp. (TSE:FF - )'s stock price traded down 5.6% during trading on Monday . The stock traded as low as C$0.17 and last traded at C$0.17. 638,295 shares were traded during trading, a decline of 47% from the average session volume of 1,201,745 shares. The stock had previously closed at C$0.18.

First Mining Gold Stock Performance

The firm has a market cap of C$180.11 million, a price-to-earnings ratio of -3.79 and a beta of 0.99. The stock's 50 day moving average is C$0.18 and its 200 day moving average is C$0.16. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Insider Activity

In other news, Director Keith Neumeyer acquired 1,250,000 shares of the firm's stock in a transaction dated Friday, July 4th. The stock was bought at an average cost of C$0.18 per share, for a total transaction of C$226,500.00. Insiders have acquired a total of 1,725,000 shares of company stock worth $308,220 over the last ninety days. 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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