Fireweed Metals (CVE:FWZ) Stock Price Down 2% – Time to Sell?

Fireweed Metals Corp. (CVE:FWZ) shares dropped 2% during trading on Thursday . The stock traded as low as C$1.42 and last traded at C$1.44. Approximately 89,396 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 147,279 shares. The stock had previously closed at C$1.47.

Analysts Set New Price Targets

Separately, Ventum Financial boosted their price objective on shares of Fireweed Metals from C$2.30 to C$2.50 in a research report on Thursday, August 22nd.

Fireweed Metals Stock Performance

The stock’s fifty day moving average price is C$1.34 and its 200-day moving average price is C$1.24. The company has a market capitalization of C$258.35 million, a P/E ratio of -5.33 and a beta of 1.06.

Fireweed Metals (CVE:FWZ) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.06) earnings per share for the quarter.

Fireweed Metals Company Profile

Fireweed Metals Corp. engages in the acquisition and exploration of mineral assets in Canada. It explores for zinc, lead, and silver, as well as gallium and germanium deposits. The company owns an interest in the Macmillan Pass project located in Yukon, Canada; and the Gayna River project situated in Northwest Territories, Canada.