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

First Mining Gold logo with Basic Materials background

First Mining Gold Corp. (TSE:FF - Get Free Report)'s share 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 1,793,692 shares changed hands during trading, an increase of 89% from the average daily volume of 950,811 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on First Mining Gold

First Mining Gold Price Performance

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's 50 day simple moving average is C$0.14 and its 200 day simple moving average is C$0.13. The company has a market capitalization of C$174.82 million, a PE ratio of -3.68 and a beta of 0.99.

Insider Buying and Selling at First Mining Gold

In related news, Director Keith Neumeyer purchased 250,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased 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 currently owned by insiders.

About First Mining Gold

(Get Free Report)

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.

Further Reading

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