Fireweed Metals (CVE:FWZ) Sets New 52-Week High – Should You Buy?

Fireweed Metals Corp. (CVE:FWZ) hit a new 52-week high on Monday . The company traded as high as C$4.61 and last traded at C$4.59, with a volume of 264606 shares traded. The stock had previously closed at C$4.34.

Analyst Upgrades and Downgrades

FWZ has been the topic of a number of recent analyst reports. Ventum Financial raised 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 Fireweed Metals and gave the stock an “outperform” rating in a 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$4.00.

Fireweed Metals Price Performance

The stock has a 50-day moving average of C$3.33 and a 200-day moving average of C$3.02. The firm has a market cap of C$986.90 million, a price-to-earnings ratio of -20.35 and a beta of 1.65.

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.