Fireweed Metals (CVE:FWZ) Sets New 1-Year High – Time to Buy?

Shares of Fireweed Metals Corp. (CVE:FWZ) reached a new 52-week high during trading on Tuesday . The company traded as high as C$3.21 and last traded at C$3.02, with a volume of 703370 shares traded. The stock had previously closed at C$3.12.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded shares of Fireweed Metals to a “moderate buy” rating in a research report on Tuesday, July 22nd.

Fireweed Metals Stock Performance

The company has a market cap of C$655.23 million, a price-to-earnings ratio of -15.65 and a beta of 0.97. The firm’s 50 day simple moving average is C$2.62 and its 200-day simple moving average is C$2.24.

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.