Fireweed Metals (CVE:FWZ) Stock Rating Upgraded by Jefferies Financial Group

Fireweed Metals (CVE:FWZ) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Fireweed Metals Trading Down 1.5%

CVE FWZ opened at C$3.39 on Wednesday. The stock has a 50-day moving average of C$3.26 and a 200-day moving average of C$3.83. The firm has a market cap of C$769.81 million, a PE ratio of -16.14 and a beta of 1.96. Fireweed Metals has a 1-year low of C$2.50 and a 1-year high of C$5.15.

Insider Transactions at Fireweed Metals

In related news, insider Larry Childress bought 80,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of C$3.43 per share, with a total value of C$274,400.00. Following the transaction, the insider owned 24,010,026 shares in the company, valued at approximately C$82,354,389.18. This trade represents a 0.33% increase in their position. Insiders have purchased a total of 287,000 shares of company stock valued at $966,410 in the last 90 days. Company insiders own 33.68% of the company’s stock.

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.