Shares of Fireweed Metals Corp. (CVE:FWZ – Get Free Report) fell 9.1% during trading on Tuesday . The stock traded as low as C$3.50 and last traded at C$3.50. Approximately 645,018 shares were traded during trading, an increase of 95% from the average session volume of 331,298 shares. The stock had previously closed at C$3.85.
Fireweed Metals Trading Down 1.5%
The stock has a market capitalization of C$769.81 million, a P/E ratio of -16.14 and a beta of 1.62. The stock’s fifty day moving average price is C$3.26 and its two-hundred day moving average price is C$3.83.
Insiders Place Their Bets
In other Fireweed Metals news, insider Larry Childress purchased 80,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of C$3.43 per share, for a total transaction of C$274,400.00. Following the completion of the transaction, the insider directly owned 24,010,026 shares in the company, valued at approximately C$82,354,389.18. This represents a 0.33% increase in their position. Insiders have acquired 287,000 shares of company stock valued at $966,410 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.
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