Fireweed Metals (CVE:FWZ) Insider Larry Childress Acquires 107,000 Shares

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 107,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of C$3.43 per share, for a total transaction of C$367,010.00. Following the acquisition, the insider directly owned 23,930,026 shares of the company’s stock, valued at C$82,079,989.18. This represents a 0.45% increase in their position.

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

• On Tuesday, August 11th, Larry Childress purchased 80,000 shares of Fireweed Metals stock. The shares were bought at an average cost of C$3.43 per share, for a total transaction of C$274,400.00.
• On Wednesday, August 5th, Larry Childress acquired 100,000 shares of Fireweed Metals stock. The stock was acquired at an average price of C$3.25 per share, for a total transaction of C$325,000.00.

Fireweed Metals Price Performance

Shares of Fireweed Metals stock opened at C$3.39 on Wednesday. The business has a fifty day simple moving average of C$3.33 and a two-hundred day simple moving average of C$3.83. Fireweed Metals Corp. has a 1 year low of C$2.34 and a 1 year high of C$5.15. The company has a market capitalization of C$769.39 million, a price-to-earnings ratio of -15.41 and a beta of 1.62.

Wall Street Analyst Weigh In

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