Jefferies Financial Group upgraded shares of Fireweed Metals (CVE:FWZ – Free Report) to a hold rating in a report issued on Wednesday morning,Zacks reports.
Fireweed Metals Trading Down 1.5%
FWZ opened at C$3.39 on Wednesday. The company has a market capitalization of C$769.81 million, a price-to-earnings ratio of -16.14 and a beta of 1.96. Fireweed Metals has a 12-month low of C$2.50 and a 12-month high of C$5.15. The business’s fifty day simple moving average is C$3.26 and its 200-day simple moving average is C$3.83.
Insider Activity at Fireweed Metals
In other Fireweed Metals news, insider Larry Childress purchased 80,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of C$3.43 per share, with a total value of C$274,400.00. Following the transaction, the insider owned 24,010,026 shares of the company’s stock, valued at approximately C$82,354,389.18. This trade represents a 0.33% increase in their ownership of the stock. In the last three months, insiders have bought 287,000 shares of company stock valued at $966,410. 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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