First Mining Gold (TSE:FF) Trading 6.3% Higher on Insider Buying Activity

First Mining Gold Corp. (TSE:FF) shares traded up 6.3% during mid-day trading on Tuesday following insider buying activity. The company traded as high as C$0.13 and last traded at C$0.13. 1,189,630 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 912,399 shares. The stock had previously closed at C$0.12.

Specifically, Director Keith Neumeyer acquired 250,000 shares of First Mining Gold stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of C$0.13 per share, for a total transaction of C$31,250.00.

Analyst Ratings Changes

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

First Mining Gold Price Performance

The company has a market cap of C$137.73 million, a price-to-earnings ratio of -2.90 and a beta of 0.99. The company’s 50 day moving average price is C$0.13 and its 200 day moving average price 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.

First Mining Gold Company Profile

First Mining Gold Corp. engages in the acquisition, development, and exploration of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km southeast of Kenora in northwestern Ontario.