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

First Mining Gold Corp. (TSE:FF)’s share price shot up 1.6% during mid-day trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 1,947,692 shares traded hands during mid-day trading, an increase of 104% from the average session volume of 956,452 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

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

First Mining Gold Stock Up 1.6 %

The stock has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.13. The firm has a market cap of C$164.22 million, a PE ratio of -3.46 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Insider Activity at First Mining Gold

In other First Mining Gold news, Director Keith Neumeyer purchased 250,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of C$0.13 per share, for a total transaction of C$31,250.00. 4.18% of the stock is owned by corporate 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.