Fireweed Metals (CVE:FWZ) Insider Acquires C$325,000.00 in Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress purchased 100,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was acquired at an average cost of C$3.25 per share, for a total transaction of C$325,000.00. Following the completion of the acquisition, the insider owned 23,323,026 shares of the company’s stock, valued at C$75,799,834.50. The trade was a 0.43% increase in their position.

Fireweed Metals Trading Up 1.1%

FWZ traded up C$0.04 during midday trading on Wednesday, hitting C$3.19. 797,024 shares of the company were exchanged, compared to its average volume of 330,104. The company’s 50 day simple moving average is C$3.44 and its 200 day simple moving average is C$3.83. The firm has a market capitalization of C$725.13 million, a price-to-earnings ratio of -14.52 and a beta of 1.62. Fireweed Metals Corp. has a 1-year low of C$2.30 and a 1-year high of C$5.15.

Analyst Ratings Changes

Separately, Raymond James Financial set a C$6.50 target price on Fireweed Metals and gave the stock an “outperform” rating in a report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.