First Mining Gold (TSE:FF) Trading Down 3.8% – Time to Sell?

Posted by Andrew Walz on Dec 21st, 2024

First Mining Gold Corp. (TSE:FF – Get Free Report) traded down 3.8% on Thursday . The company traded as low as C$0.12 and last traded at C$0.13. 1,375,133 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 836,616 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price target on First Mining Gold from C$0.80 to C$0.35 in a research report on Tuesday, November 12th.

Check Out Our Latest Report on First Mining Gold

First Mining Gold Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.16. The firm has a market capitalization of C$127.50 million, a P/E ratio of -3.13 and a beta of 0.99. The firm has a 50-day moving average of C$0.14 and a 200-day moving average of C$0.14.

Insider Activity

In related news, Director Keith Neumeyer acquired 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of C$0.13 per share, for a total transaction of C$32,500.00. 4.18% of the stock is currently owned by company insiders.

First Mining Gold Company Profile

(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.