First Mining Gold (TSE:FF) Trading Up 8.3% on Insider Buying Activity

First Mining Gold Corp. (TSE:FF)’s share price shot up 8.3% on Tuesday following insider buying activity. The stock traded as high as C$0.13 and last traded at C$0.13. 901,930 shares were traded during mid-day trading, an increase of 1% from the average session volume of 897,257 shares. The stock had previously closed at C$0.12.

Specifically, Director Keith Neumeyer acquired 250,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$0.13 per share, with a total value of C$31,250.00.

Wall Street Analyst Weigh In

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

First Mining Gold Stock Performance

The stock has a market cap of C$132.44 million, a PE ratio of -2.79 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The stock has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.13.

About First Mining Gold

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.