Fireweed Metals (CVE:FWZ) Insider Acquires C$367,010.00 in Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 107,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of C$3.43 per share, for a total transaction of C$367,010.00. Following the completion of the acquisition, the insider owned 23,930,026 shares of the company’s stock, valued at C$82,079,989.18. This trade represents a 0.45% increase in their ownership of the stock.

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

• On Tuesday, August 11th, Larry Childress acquired 80,000 shares of Fireweed Metals stock. The stock was bought at an average price 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 stock was bought at an average price of C$3.25 per share, for a total transaction of C$325,000.00.

Fireweed Metals Stock Down 0.9%

Shares of CVE FWZ traded down C$0.03 during midday trading on Tuesday, reaching C$3.39. 170,222 shares of the stock were exchanged, compared to its average volume of 328,051. The firm has a market cap of C$769.39 million, a price-to-earnings ratio of -15.41 and a beta of 1.62. The firm has a 50-day simple moving average of C$3.35 and a two-hundred day simple moving average of C$3.83. Fireweed Metals Corp. has a twelve month low of C$2.34 and a twelve month high of C$5.15.

Analyst Upgrades and Downgrades

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