First Mining Gold (TSE:FF) Trading 1.6% Higher – Here’s Why

First Mining Gold Corp. (TSE:FF)’s share price shot up 1.6% on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 710,792 shares were traded during trading, a decline of 24% from the average session volume of 935,206 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

First Mining Gold Trading Down 1.6 %

The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.13. The stock has a market capitalization of C$161.57 million, a P/E ratio of -3.40 and a beta of 0.99.

Insider Activity

In other news, Director Keith Neumeyer bought 250,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of C$0.13 per share, for a total transaction of C$31,250.00. Corporate insiders own 4.18% of the company’s stock.

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.