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

Shares of First Mining Gold Corp. (TSE:FF) fell 2% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 1,148,571 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 1,157,360 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Separately, HC Wainwright cut their target price on 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 firm has a 50-day moving average of C$0.13 and a 200 day moving average 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. The company has a market capitalization of C$122.40 million, a PE ratio of -3.00 and a beta of 0.99.

Insider Activity

In other news, Director Keith Neumeyer purchased 250,000 shares of the stock in a transaction dated 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. Insiders own 4.18% of the company’s stock.

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.