First Mining Gold (TSE:FF) Trading 7.1% Higher – Here’s What Happened

First Mining Gold Corp. (TSE:FF)’s stock price shot up 7.1% on Monday . The company traded as high as C$0.15 and last traded at C$0.15. 618,634 shares traded hands during trading, a decline of 31% from the average session volume of 896,495 shares. The stock had previously closed at C$0.14.

Wall Street Analyst Weigh In

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 Price Performance

The firm has a 50-day moving average of C$0.13 and a 200 day moving average of C$0.13. The company has a market capitalization of C$148.33 million, a PE ratio of -3.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01.

Insider Transactions at First Mining Gold

In other news, Director Keith Neumeyer bought 250,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of C$0.13 per share, for a total transaction of C$31,250.00. Company insiders own 4.18% of the company’s stock.

First Mining Gold Company Profile

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.