First Mining Gold (TSE:FF) Shares Up 1.6% - Here's Why

First Mining Gold Corp. (TSE:FF - Get Free Report) was up 1.6% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 2,058,692 shares were traded during 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 report on Friday, March 21st.

First Mining Gold Stock Down 2.9 %

The firm has a market capitalization of C$174.82 million, a P/E ratio of -3.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The firm's 50-day moving average is C$0.14 and its 200 day moving average is C$0.13.

Insider Activity

In other First Mining Gold news, Director Keith Neumeyer purchased 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, 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.