Fireweed Metals Corp. (CVE:FWZ – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$2.10 and last traded at C$2.43, with a volume of 433,005 shares. The stock had previously closed at C$2.43.
Analyst Ratings Changes
Separately, Jefferies Financial Group raised Fireweed Metals to a “hold” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fireweed Metals presently has a consensus rating of “Buy” and an average price target of C$5.25.
View Our Latest Research Report on FWZ
Fireweed Metals Stock Performance
The company has a market capitalization of C$551.81 million, a PE ratio of -11.57 and a beta of 1.75. The stock has a 50 day moving average price of C$2.92 and a two-hundred day moving average price of C$3.58.
Insiders Place Their Bets
In other Fireweed Metals news, insider Larry Childress acquired 331,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average price of C$2.84 per share, with a total value of C$940,040.00. Following the completion of the transaction, the insider owned 24,388,526 shares in the company, valued at C$69,263,413.84. The trade was a 1.38% increase in their ownership of the stock. Insiders have purchased a total of 518,000 shares of company stock worth $1,581,450 over the last 90 days. 33.68% of the stock is currently owned by company insiders.
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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