First Mining Gold Corp. (OTCMKTS:FFMGF) Sees Significant Drop in Short Interest

First Mining Gold Corp. (OTCMKTS:FFMGF) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 6,758,284 shares, a drop of 18.5% from the December 31st total of 8,292,886 shares. Based on an average daily trading volume, of 3,112,070 shares, the short-interest ratio is presently 2.2 days. Based on an average daily trading volume, of 3,112,070 shares, the short-interest ratio is presently 2.2 days.

First Mining Gold Price Performance

Shares of OTCMKTS FFMGF opened at $0.51 on Wednesday. First Mining Gold has a 12-month low of $0.08 and a 12-month high of $0.64. The stock’s 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.26.

Wall Street Analysts Forecast Growth

FFMGF has been the topic of several research reports. HC Wainwright reissued a “buy” rating on shares of First Mining Gold in a research report on Tuesday. National Bankshares started coverage on shares of First Mining Gold in a report on Monday, November 3rd. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, First Mining Gold has an average rating of “Buy”.

About First Mining Gold

First Mining Gold Corp. is a mineral exploration and development company focused on advancing a diversified portfolio of gold projects in Canada. The company aims to unlock shareholder value through the exploration and development of several high-potential assets, with an emphasis on de-risked deposits that have undergone extensive previous work. First Mining Gold trades on the OTC Markets under the symbol FFMGF and maintains its corporate office in Vancouver, British Columbia.

The company’s flagship project is the Springpole gold deposit in Ontario, which boasts substantial resources and infrastructure potential.