First Mining Gold Corp. (OTCMKTS:FFMGF) Short Interest Down 18.5% in January

First Mining Gold Corp. (OTCMKTS:FFMGF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,758,284 shares, a decrease of 18.5% from the December 31st total of 8,292,886 shares. Based on an average trading volume of 3,112,070 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 3,112,070 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

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

First Mining Gold Trading Down 7.7%

Shares of FFMGF stock traded down $0.04 during mid-day trading on Monday, reaching $0.47. 2,384,888 shares of the company’s stock traded hands, compared to its average volume of 2,997,990. First Mining Gold has a 12 month low of $0.08 and a 12 month high of $0.64. The firm has a 50 day moving average price of $0.40 and a two-hundred day moving average price of $0.26.

First Mining Gold Company Profile

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.