First Mining Gold (TSE:FF) Shares Down 2% – Here’s Why

First Mining Gold Corp. (TSE:FF) shares were down 2% on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 1,148,571 shares changed hands during 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 Analyst Weigh In

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

First Mining Gold Price Performance

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

Insider Buying and Selling

In related news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$32,500.00. 4.18% of the stock is owned by insiders.

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.