First Mining Gold (TSE:FF) Trading Up 1.6% - Here's Why

Shares of First Mining Gold Corp. (TSE:FF - Get Free Report) traded up 1.6% on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 1,793,692 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 950,811 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

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

First Mining Gold Price Performance

The company's 50 day simple moving average is C$0.14 and its 200 day simple moving average is C$0.13. 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 capitalization of C$180.11 million, a PE ratio of -3.79 and a beta of 0.99.

Insider Transactions at First Mining Gold

In related news, Director Keith Neumeyer acquired 250,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of C$0.13 per share, with a total value of C$31,250.00. Insiders have acquired 365,000 shares of company stock worth $48,371 over the last quarter. 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.