First Mining Gold (TSE:FF) Trading 1.6% Higher - Here's What Happened

First Mining Gold Corp. (TSE:FF - Get Free Report) was 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. 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.

Analyst Ratings Changes

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 Performance

The company has a 50-day moving average of C$0.14 and a 200-day moving average of C$0.13. 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 current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

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 shares were acquired 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 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.