First Mining Gold (TSE:FF) Trading Up 7.1% – Here’s Why

First Mining Gold Corp. (TSE:FF) shot up 7.1% during trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. 618,634 shares were traded during mid-day trading, a decline of 31% from the average session volume of 896,495 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

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

First Mining Gold Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of C$0.13 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$156.27 million, a P/E ratio of -3.29 and a beta of 0.99.

Insider Buying and Selling

In related news, Director Keith Neumeyer purchased 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of C$0.13 per share, for a total transaction 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.