Fireweed Metals (CVE:FWZ) Insider Larry Childress Buys 80,000 Shares

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 80,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of C$3.43 per share, with a total value of C$274,400.00. Following the completion of the purchase, the insider directly owned 24,010,026 shares in the company, valued at C$82,354,389.18. This represents a 0.33% increase in their ownership of the stock.

Larry Childress also recently made the following trade(s):

• On Monday, August 10th, Larry Childress purchased 107,000 shares of Fireweed Metals stock. The shares were bought at an average price of C$3.43 per share, for a total transaction of C$367,010.00.
• On Wednesday, August 5th, Larry Childress purchased 100,000 shares of Fireweed Metals stock. The stock was bought at an average cost of C$3.25 per share, for a total transaction of C$325,000.00.

Fireweed Metals Stock Performance

Shares of FWZ traded down C$0.03 during midday trading on Tuesday, hitting C$3.39. The company had a trading volume of 170,222 shares, compared to its average volume of 328,051. Fireweed Metals Corp. has a 1 year low of C$2.34 and a 1 year high of C$5.15. The firm has a market capitalization of C$769.39 million, a P/E ratio of -15.41 and a beta of 1.62. The company’s 50-day simple moving average is C$3.35 and its 200-day simple moving average is C$3.83.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$6.50 price target on shares of Fireweed Metals and gave the stock an “outperform” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Fireweed Metals presently has a consensus rating of “Buy” and a consensus price target of C$5.25.

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.