First Mining Gold (TSE:FF) Shares Down 2% – Should You Sell?

Posted by Doug Madison on Jan 12th, 2025

First Mining Gold Corp. (TSE:FF – Get Free Report)’s share price dropped 2% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 1,148,571 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 1,157,360 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

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

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First Mining Gold Stock Down 2.0 %

The stock has a market capitalization of C$122.40 million, a P/E ratio of -3.00 and a beta of 0.99. The stock has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 1.01.

Insiders Place Their Bets

In related news, Director Keith Neumeyer acquired 250,000 shares of First Mining Gold stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of C$0.13 per share, with a total value of C$32,500.00. Insiders own 4.18% of the company’s stock.

About First Mining Gold

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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.