The Globe and Mail reports in its Saturday, Jan. 30, edition that First Mining Gold (39 cents) has seen some insider buying as the stock trades near three-month lows. The Globe's Ted Dixon writes in the Who Is Buying and Selling column reports that the buying also comes after the company released a prefeasibility report on its Springpole Gold project in Northwestern Ontario on Jan. 20. Between Jan. 20 and Jan. 25, four insiders spent $518,768 buying 1,289,500 shares in the public market. That works out to an average price of 40.2 cents. The biggest buyer was independent board chairman Keith Neumeyer who purchased 1.15 million shares. The Globe reported on Oct. 1 that H.C. Wainwright & Co. analyst Heiko Ihle said First Mining Gold's Pickle Crow project in Northwestern Ontario was exhibiting "various high-grade characteristics." As such, he stuck with his "buy" call, but trimmed his share target to $1.20 from $1.40. The shares could then be had for 48.5 cents.
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