First Mining Gold (TSE:FF) Trading 4.2% Higher Following Insider Buying Activity

First Mining Gold Corp. (TSE:FF)’s stock price was up 4.2% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 1,071,130 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 909,428 shares. The stock had previously closed at C$0.12.

Specifically, Director Keith Neumeyer acquired 250,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$0.13 per share, with a total value of C$31,250.00.

Analyst Upgrades and Downgrades

Separately, Haywood Securities upgraded 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 current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company has a market cap of C$132.44 million, a PE ratio of -2.79 and a beta of 0.99. The firm’s 50-day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.13.

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.