Fireweed Metals (CVE:FWZ) Shares Down 0.6% – Here’s Why

Fireweed Metals Corp. (CVE:FWZ) shares dropped 0.6% during mid-day trading on Monday . The stock traded as low as C$1.61 and last traded at C$1.64. Approximately 120,792 shares were traded during trading, a decline of 34% from the average daily volume of 183,723 shares. The stock had previously closed at C$1.65.

Fireweed Metals Stock Down 3.6 %

The company has a market cap of C$292.79 million, a P/E ratio of -7.92 and a beta of 1.06. The business has a fifty day moving average of C$1.61 and a 200 day moving average of C$1.47.

Insider Activity

In other news, Director Ian Gibbs bought 150,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of C$1.50 per share, with a total value of C$225,000.00. 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.