First Mining Gold (TSE:FF) Stock Price Up 3.6% - Here's What Happened

First Mining Gold Corp. (TSE:FF - Get Free Report)'s share price shot up 3.6% on Monday . The company traded as high as C$0.15 and last traded at C$0.15. 817,597 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 901,473 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

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

First Mining Gold Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01. The stock has a market cap of C$161.57 million, a PE ratio of -3.40 and a beta of 0.99. The company's fifty day moving average is C$0.13 and its 200-day moving average is C$0.13.

Insiders Place Their Bets

In related news, Director Keith Neumeyer bought 250,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$0.13 per share, with a total value of C$31,250.00. 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.