Fireweed Metals (CVE:FWZ) Trading Down 7.4% – Should You Sell?

Fireweed Metals Corp. (CVE:FWZ)’s stock price dropped 7.4% during mid-day trading on Tuesday . The company traded as low as C$2.95 and last traded at C$3.02. Approximately 411,885 shares changed hands during trading, an increase of 37% from the average daily volume of 299,883 shares. The stock had previously closed at C$3.26.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Fireweed Metals to a “moderate buy” rating in a research report on Tuesday, July 22nd.

Fireweed Metals Stock Performance

The stock has a fifty day simple moving average of C$2.83 and a two-hundred day simple moving average of C$2.39. The stock has a market cap of C$632.20 million, a price-to-earnings ratio of -15.10 and a beta of 1.29.

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.