Richard Lock - First Mining Independent Director
| FF Stock | CAD 0.13 0.01 7.14% |
Director
Richard Lock is Independent Director of First Mining Gold since 2020.
| Age | 53 |
| Tenure | 4 years |
| Address | 1188 West Georgia Street, Vancouver, BC, Canada, V6E 4A2 |
| Phone | 844 306 8827 |
| Web | https://www.firstmininggold.com |
First Mining Management Efficiency
The company has return on total asset (ROA) of (0.0738) % which means that it has lost $0.0738 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1873) %, meaning that it generated substantial loss on money invested by shareholders. First Mining's management efficiency ratios could be used to measure how well First Mining manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024, Return On Tangible Assets is likely to drop to -0.03. In addition to that, Return On Capital Employed is likely to drop to -0.04. At this time, First Mining's Total Assets are very stable compared to the past year. As of the 28th of November 2024, Non Currrent Assets Other is likely to grow to about 218.3 K, while Other Current Assets are likely to drop about 317.8 K.Management Performance
| Return On Equity | -0.19 | ||||
| Return On Asset | -0.0738 |
First Mining Gold Leadership Team
Elected by the shareholders, the First Mining's board of directors comprises two types of representatives: First Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Mining's management team and ensure that shareholders' interests are well served. First Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aoife McGrath, Independent Director | ||
| Richard Huang, Vice Development | ||
| Malgorzata Karwowska, Vice President, Corporate Development & Investor Relations | ||
| Stephen Lines, Vice Sustainability | ||
| Paul Morris, Director Relations | ||
| Daniel Wilton, Chief Executive Officer, Director | ||
| Lisa Peterson, Chief Officer | ||
| Lisa CA, CFO Secretary | ||
| Keith Neumeyer, Independent Chairman of the Board | ||
| Richard Lock, Independent Director | ||
| Kenneth Engquist, Chief Operating Officer | ||
| Andrew Marshall, Chief Financial Officer | ||
| Samir Patel, Corporate Counsel and Corporate Secretary | ||
| Raymond Polman, Independent Director | ||
| James PGeo, VP Exploration | ||
| LLB LLB, Gen Sec | ||
| Jeff MSc, Chief Officer |
First Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Mining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.19 | ||||
| Return On Asset | -0.0738 | ||||
| Current Valuation | 126.82 M | ||||
| Shares Outstanding | 1.08 B | ||||
| Shares Owned By Insiders | 4.50 % | ||||
| Shares Owned By Institutions | 7.27 % | ||||
| Number Of Shares Shorted | 1.05 M | ||||
| Price To Book | 0.64 X | ||||
| EBITDA | (6.6 M) | ||||
| Net Income | (7.04 M) |
Pair Trading with First Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Mining Gold to buy it.
The correlation of First Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Mining Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in First Stock
First Mining financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Mining security.