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

Shares of Fireweed Metals Corp. (CVE:FWZ) dropped 2% on Tuesday . The company traded as low as C$1.41 and last traded at C$1.44. Approximately 446,167 shares changed hands during trading, an increase of 199% from the average daily volume of 149,148 shares. The stock had previously closed at C$1.47.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial boosted their price objective on Fireweed Metals from C$2.50 to C$2.65 in a research note on Tuesday, November 5th.

Fireweed Metals Stock Down 2.8 %

The stock has a market capitalization of C$251.17 million, a PE ratio of -5.19 and a beta of 1.06. The stock’s 50 day moving average price is C$1.39 and its 200-day moving average price is C$1.31.

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.