Fireweed Metals Corp. (CVE:FWZ – Get Free Report) insider Larry Childress bought 100,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were bought at an average cost of C$3.25 per share, for a total transaction of C$325,000.00. Following the transaction, the insider owned 23,323,026 shares in the company, valued at C$75,799,834.50. The trade was a 0.43% increase in their position.
Fireweed Metals Trading Up 1.1%
Shares of CVE FWZ traded up C$0.04 during midday trading on Wednesday, reaching C$3.19. The company had a trading volume of 797,024 shares, compared to its average volume of 330,104. The business’s 50-day simple moving average is C$3.44 and its 200 day simple moving average is C$3.83. The stock has a market cap of C$725.13 million, a P/E ratio of -14.52 and a beta of 1.62. Fireweed Metals Corp. has a 1 year low of C$2.30 and a 1 year high of C$5.15.
Wall Street Analyst Weigh In
Separately, Raymond James Financial set a C$6.50 target price on Fireweed Metals and gave the stock an “outperform” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$5.25.
About Fireweed Metals
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.
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