First Mining Gold (TSE:FF) Trading Down 2% - Time to Sell?

First Mining Gold Corp. (TSE:FF - Get Free Report)'s share price dropped 2% during trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 151,692 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 831,042 shares. The stock had previously closed at C$0.13.

First Mining Gold Stock Performance

The company has a market cap of C$153.63 million, a P/E ratio of -3.24 and a beta of 0.99. The stock has a 50 day moving average price of C$0.13 and a two-hundred day moving average price of C$0.13. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In related news, Director Keith Neumeyer purchased 250,000 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$30,000.00. Company insiders own 4.18% of the company's stock.

First Mining Gold Company Profile

First Mining Gold Corp. engages in the acquisition, development, and exploration of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km southeast of Kenora in northwestern Ontario.