First Mining Gold (TSE:FF) Trading Up 6.3% on Insider Buying Activity

First Mining Gold Corp. (TSE:FF)’s share price traded up 6.3% 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. 1,189,630 shares changed hands during trading, an increase of 30% from the average session volume of 912,399 shares. The stock had previously closed at C$0.12.

Specifically, Director Keith Neumeyer purchased 250,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$0.13 per share, for a total transaction of C$31,250.00.

Analysts Set New Price Targets

Separately, Haywood Securities raised 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 firm’s fifty day moving average is C$0.13 and its 200 day moving average is C$0.13. The company has a market cap of C$132.44 million, a PE ratio of -2.79 and a beta of 0.99.

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.