First Mining Gold (TSE:FF) Trading Down 3.8% – Time to Sell?

First Mining Gold Corp. (TSE:FF)’s stock price traded down 3.8% on Tuesday . The company traded as low as C$0.12 and last traded at C$0.13. 2,018,027 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 857,741 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Separately, HC Wainwright dropped their target price on First Mining Gold from C$0.80 to C$0.35 in a research report on Tuesday, November 12th.

First Mining Gold Stock Down 3.8 %

The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.13. The firm has a market capitalization of C$132.44 million, a PE ratio of -2.79 and a beta of 0.99.

Insiders Place Their Bets

In related news, Director Keith Neumeyer purchased 250,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$30,000.00. Insiders own 4.18% of the company’s stock.

About First Mining Gold

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.