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

Fireweed Metals Corp. (CVE:FWZ)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as C$2.50 and last traded at C$2.51, with a volume of 281,509 shares traded. The stock had previously closed at C$2.58.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Fireweed Metals to a “hold” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Fireweed Metals presently has a consensus rating of “Buy” and an average target price of C$5.25.

Fireweed Metals Price Performance

The company’s 50 day moving average price is C$3.21 and its 200 day moving average price is C$3.62. The firm has a market cap of C$569.98 million, a PE ratio of -11.95 and a beta of 1.99.

Insider Buying and Selling

In other Fireweed Metals news, insider Larry Childress purchased 331,000 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of C$2.84 per share, for a total transaction 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. The trade was a 1.38% increase in their position. Over the last three months, insiders have purchased 618,000 shares of company stock valued at $1,906,450. 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.