First Mining Gold (TSE:FF) Shares Up 1.6% - Still a Buy?

First Mining Gold Corp. (TSE:FF - Get Free Report)'s stock price rose 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 710,792 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 935,206 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 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 firm has a market capitalization of C$180.11 million, a PE ratio of -3.79 and a beta of 0.99. The business's 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.13.

Insider Transactions at First Mining Gold

In other First Mining Gold news, Director Keith Neumeyer bought 250,000 shares of the stock in a transaction on 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. Insiders bought 365,000 shares of company stock valued at $48,371 in the last three months. 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.