Fireweed Metals (CVE:FWZ) Trading Up 0.3% – What’s Next?

Fireweed Metals Corp. (CVE:FWZ) rose 0.3% during mid-day trading on Friday . The company traded as high as C$3.11 and last traded at C$2.99. 342,153 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 327,381 shares. The stock had previously closed at C$2.98.

Analyst Ratings Changes

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

Fireweed Metals Trading Up 0.3%

The stock has a market capitalization of C$678.60 million, a P/E ratio of -13.59 and a beta of 1.68. The company has a 50-day moving average price of C$3.49 and a two-hundred day moving average price of C$3.83.

About Fireweed Metals

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.