Short Interest in First Mining Gold Corp. (OTCMKTS:FFMGF) Grows By 26.6%

First Mining Gold Corp. (OTCMKTS:FFMGF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 8,292,886 shares, an increase of 26.6% from the December 15th total of 6,551,557 shares. Based on an average daily volume of 2,966,828 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 2,966,828 shares, the short-interest ratio is presently 2.8 days.

First Mining Gold Trading Up 4.2%

Shares of FFMGF stock opened at $0.43 on Friday. The company’s fifty day simple moving average is $0.34 and its two-hundred day simple moving average is $0.23. First Mining Gold has a 52 week low of $0.08 and a 52 week high of $0.46.

Wall Street Analyst Weigh In

Separately, National Bankshares started coverage on First Mining Gold in a research note on Monday, November 3rd. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Mining Gold has a consensus 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.