First Mining Gold (TSE:FF) Shares Up 1.6% – Here’s What Happened

First Mining Gold Corp. (TSE:FF)’s stock price was up 1.6% during mid-day trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 2,058,692 shares traded hands during mid-day trading, an increase of 115% from the average daily volume of 957,913 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

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

First Mining Gold Stock Up 1.6 %

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 stock has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.13. The company has a market cap of C$164.22 million, a price-to-earnings ratio of -3.46 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Keith Neumeyer purchased 250,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were purchased 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 owned by company insiders.

About First Mining Gold

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.