Fireweed Metals (CVE:FWZ) Trading 0.3% Higher – What’s Next?

Shares of Fireweed Metals Corp. (CVE:FWZ) rose 0.3% during trading on Friday . The stock traded as high as C$3.11 and last traded at C$2.99. Approximately 342,153 shares traded hands during trading, an increase of 5% from the average daily volume of 327,381 shares. The stock had previously closed at C$2.98.

Analysts Set New Price Targets

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

Fireweed Metals Trading Up 0.3%

The company has a market cap of C$678.60 million, a P/E ratio of -13.59 and a beta of 1.68. The stock’s 50-day moving average price is C$3.49 and its 200-day moving average price is C$3.83.

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.