Fireweed Metals (CVE:FWZ) Insider Larry Childress Acquires 331,000 Shares of Company Stock

Fireweed Metals Corp. (CVE:FWZ – Get Free Report) insider Larry Childress purchased 331,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were acquired at an average price of C$2.84 per share, with a total value of C$940,040.00. Following the purchase, the insider directly owned 24,388,526 shares in the company, valued at C$69,263,413.84. This represents a 1.38% increase in their position.

Larry Childress also recently made the following trade(s):

  • On Monday, August 10th, Larry Childress acquired 107,000 shares of Fireweed Metals stock. The shares were acquired at an average price of C$3.43 per share, for a total transaction of C$367,010.00.
  • On Tuesday, August 11th, Larry Childress acquired 80,000 shares of Fireweed Metals stock. The stock was acquired at an average cost of C$3.43 per share, for a total transaction of C$274,400.00.
  • On Wednesday, August 5th, Larry Childress acquired 100,000 shares of Fireweed Metals stock. The shares were acquired at an average price of C$3.25 per share, with a total value of C$325,000.00.

Fireweed Metals Price Performance

Shares of CVE FWZ opened at C$2.86 on Friday. The company has a 50-day moving average price of C$3.28 and a 200-day moving average price of C$3.68. The stock has a market capitalization of C$649.46 million, a P/E ratio of -13.62 and a beta of 1.99. Fireweed Metals Corp. has a 1 year low of C$2.50 and a 1 year high of C$5.15.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Fireweed Metals to a “hold” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$5.25.

View Our Latest Report on Fireweed Metals

About Fireweed Metals

(Get Free Report)

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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