First Mining Gold (TSE:FF) Trading 1.6% Higher - Should You Buy?

First Mining Gold Corp. (TSE:FF - Get Free Report)'s share price shot up 1.6% on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 1,947,692 shares traded hands during trading, an increase of 104% from the average session volume of 956,452 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Separately, Haywood Securities upgraded shares of First Mining Gold to a "strong-buy" rating in a research note on Friday, March 21st.

First Mining Gold Trading Down 2.9 %

The business has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01. The company has a market cap of C$174.82 million, a price-to-earnings ratio of -3.68 and a beta of 0.99.

Insider Buying and Selling

In related news, Director Keith Neumeyer purchased 250,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of C$0.13 per share, with a total value of C$31,250.00. 4.18% of the stock is owned by corporate insiders.

First Mining Gold Company Profile

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.