First Mining Gold (TSE:FF) Trading 6.3% Higher Following Insider Buying Activity

First Mining Gold Corp. (TSE:FFGet Free Report) rose 6.3% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 1,189,630 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 912,399 shares. The stock had previously closed at C$0.12.

Specifically, Director Keith Neumeyer acquired 250,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of C$0.13 per share, for a total transaction of C$31,250.00.

Analyst Upgrades and Downgrades

Separately, Haywood Securities upgraded First Mining Gold to a “strong-buy” rating in a report on Friday, March 21st.

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First Mining Gold Price 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 company has a market capitalization of C$132.44 million, a P/E ratio of -2.79 and a beta of 0.99. The company has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.13.

About First Mining Gold

(Get Free Report)

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.

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