Shares of Fireweed Metals Corp. (CVE:FWZ – Get Free Report) 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 changing hands. 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 given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$5.25.
Check Out Our Latest Analysis on FWZ
Fireweed Metals Stock Performance
The company’s 50-day moving average price is C$2.97 and its two-hundred day moving average price is C$3.58. The company has a market cap of C$551.81 million, a P/E ratio of -11.57 and a beta of 1.75.
Insider Buying and Selling
In other Fireweed Metals news, insider Larry Childress bought 331,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average cost of C$2.84 per share, with a total value of C$940,040.00. Following the completion of the purchase, the insider directly owned 24,388,526 shares in the company, valued at approximately C$69,263,413.84. This trade represents a 1.38% increase in their ownership of the stock. Insiders have purchased 518,000 shares of company stock worth $1,581,450 over the last ninety days. 33.68% of the stock is owned by corporate insiders.
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.
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