Fireweed Metals (CVE:FWZ) Insider Buys 331,000 Shares of Company Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 331,000 shares of Fireweed Metals stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of C$2.84 per share, with a total value of C$940,040.00. Following the acquisition, the insider directly owned 24,388,526 shares in the company, valued at approximately C$69,263,413.84. This represents a 1.38% increase in their ownership of the stock.

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

• On Monday, August 10th, Larry Childress purchased 107,000 shares of Fireweed Metals stock. The shares were bought at an average price of C$3.43 per share, for a total transaction of C$367,010.00.
• On Tuesday, August 11th, Larry Childress purchased 80,000 shares of Fireweed Metals stock. The stock was purchased at an average cost 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 purchased at an average price of C$3.25 per share, with a total value of C$325,000.00.

Fireweed Metals Stock Up 1.8%

CVE:FWZ traded up C$0.05 during mid-day trading on Friday, hitting C$2.86. 119,232 shares of the stock traded hands, compared to its average volume of 318,385. The business’s 50-day moving average price is C$3.28 and its 200 day moving average price is C$3.68. The company has a market cap of C$649.46 million, a PE ratio of -13.62 and a beta of 1.99. Fireweed Metals Corp. has a 12-month low of C$2.50 and a 12-month high of C$5.15.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Fireweed Metals to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.