Fireweed Metals (CVE:FWZ) Sets New 1-Year High – Here’s What Happened

Fireweed Metals Corp. (CVE:FWZ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$3.70 and last traded at C$3.63, with a volume of 364789 shares. The stock had previously closed at C$3.50.

Analyst Upgrades and Downgrades

FWZ has been the subject of several research analyst reports. Ventum Cap Mkts upgraded shares of Fireweed Metals to a “strong-buy” rating in a report on Monday, November 24th. BMO Capital Markets set a C$4.00 price objective on shares of Fireweed Metals and gave the company an “outperform” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$4.00.

Fireweed Metals Trading Down 3.7%

The firm’s 50 day simple moving average is C$2.98 and its 200-day simple moving average is C$2.84. The stock has a market capitalization of C$714.87 million, a price-to-earnings ratio of -14.74 and a beta of 1.26.

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.