Fireweed Metals (CVE:FWZ) Hits New 12-Month Low – What’s Next?

Shares of Fireweed Metals Corp. (CVE:FWZ) hit a new 52-week low on Tuesday. The stock traded as low as C$2.50 and last traded at C$2.51, with a volume of 281,509 shares traded. The stock had previously closed at C$2.58.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Fireweed Metals to a “hold” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$5.25.

Fireweed Metals Trading Up 1.2%

The firm has a market cap of C$576.79 million, a PE ratio of -12.10 and a beta of 1.99. The business’s 50-day simple moving average is C$3.18 and its 200 day simple moving average is C$3.59.

Insider Buying and Selling

In other Fireweed Metals news, insider Larry Childress acquired 331,000 shares of Fireweed Metals stock in a transaction that occurred on Thursday, October 8th. The stock was bought at an average price of C$2.84 per share, with a total value of C$940,040.00. Following the completion of the purchase, the insider directly owned 24,388,526 shares of the company’s stock, valued at approximately C$69,263,413.84. This represents a 1.38% increase in their position. Insiders have purchased a total of 618,000 shares of company stock valued at $1,906,450 over the last ninety days. Insiders own 33.68% of the company’s stock.

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. It also has an option to acquire 100% interest in the Mactung Tungsten project that covers an area of 37.6 square kilometers located in Yukon and Northwest Territories, Canada.