First Mining Gold (TSE:FF) Trading 12% Higher – Still a Buy?

First Mining Gold Corp. (TSE:FF)’s share price traded up 12% during trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 300,929 shares changed hands during trading, a decline of 66% from the average session volume of 895,694 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

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

First Mining Gold Stock Performance

The company has a market cap of C$148.33 million, a P/E ratio of -3.12 and a beta of 0.99. The company’s fifty day moving average is C$0.13 and its 200 day moving average is C$0.13. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Insider Activity

In other news, Director Keith Neumeyer bought 250,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of C$0.13 per share, for a total transaction of C$31,250.00. 4.18% of the stock is currently owned by corporate insiders.

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.