Fireweed Metals (CVE:FWZ) Insider Purchases C$325,000.00 in Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress purchased 100,000 shares of Fireweed Metals stock in a transaction on Wednesday, August 5th. The shares were purchased at an average cost of C$3.25 per share, with a total value of C$325,000.00. Following the transaction, the insider owned 23,323,026 shares in the company, valued at approximately C$75,799,834.50. The trade was a 0.43% increase in their ownership of the stock.

Fireweed Metals Stock Up 2.6%

Shares of FWZ opened at C$3.21 on Friday. Fireweed Metals Corp. has a twelve month low of C$2.30 and a twelve month high of C$5.15. The stock has a market capitalization of C$728.54 million, a P/E ratio of -14.59 and a beta of 1.62. The company has a 50 day moving average of C$3.37 and a 200-day moving average of C$3.82.

Analysts Set New Price Targets

Separately, Raymond James Financial set a C$6.50 target price on shares of Fireweed Metals and gave the company an “outperform” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$5.25.

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.