First Mining Gold (TSE:FF) Shares Up 3.7% – Here’s What Happened

First Mining Gold Corp. (TSE:FF)’s stock price was up 3.7% during trading on Friday . The stock traded as high as C$0.58 and last traded at C$0.56. Approximately 6,828,154 shares were traded during trading, an increase of 57% from the average daily volume of 4,362,535 shares. The stock had previously closed at C$0.54.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$0.70 price objective on shares of First Mining Gold and gave the company an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of C$0.70.

First Mining Gold Stock Up 3.7%

The firm has a market cap of C$738.07 million, a P/E ratio of -28.00 and a beta of 1.04. The firm’s 50 day moving average is C$0.45 and its two-hundred day moving average is C$0.31. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

First Mining Gold (TSE:FF) last announced its quarterly earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. As a group, research analysts anticipate that First Mining Gold Corp. will post -0.05 EPS for the current fiscal year.

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. The Company also holds a large equity position in Treasury Metals Inc who are advancing the Goliath-Goldlund gold projects towards construction.