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

First Mining Gold Corp. (TSE:FF)’s stock price shot up 1.6% on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 2,058,692 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 957,913 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

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 Stock Up 1.6 %

The firm’s fifty day moving average is C$0.13 and its two-hundred day moving average is 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 firm has a market cap of C$164.22 million, a price-to-earnings ratio of -3.46 and a beta of 0.99.

Insiders Place Their Bets

In related news, Director Keith Neumeyer bought 250,000 shares of First Mining Gold stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of C$0.13 per share, for a total transaction of C$31,250.00. Corporate insiders own 4.18% of the company’s stock.

About First Mining Gold

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.