First Mining Gold (TSE:FF) Stock Price Up 22.9% – Time to Buy?

by · The Markets Daily

First Mining Gold Corp. (TSE:FF – Get Free Report) rose 22.9% during trading on Tuesday . The stock traded as high as C$0.64 and last traded at C$0.59. Approximately 7,036,903 shares changed hands during trading, an increase of 70% from the average daily volume of 4,133,244 shares. The stock had previously closed at C$0.48.

First Mining Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 2.16. The firm’s 50 day simple moving average is C$0.48 and its 200 day simple moving average is C$0.53. The firm has a market capitalization of C$816.68 million, a price-to-earnings ratio of -9.83 and a beta of 0.86.

First Mining Gold (TSE:FF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.01) EPS for the quarter. Sell-side analysts forecast that First Mining Gold Corp. will post -0.05 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Keith Neumeyer bought 396,500 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of C$0.40 per share, for a total transaction of C$158,600.00. Following the purchase, the director directly owned 43,739,313 shares in the company, valued at approximately C$17,495,725.20. This trade represents a 0.91% increase in their position. 4.18% of the stock is currently owned by corporate insiders.

First Mining Gold Company Profile

(Get Free Report)

First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a 30% project interest in the Pickle Crow Gold Project.

Recommended Stories