Fireweed Metals (CVE:FWZ) Rating Increased to Hold at Jefferies Financial Group

Fireweed Metals (CVE:FWZ) was upgraded by investment analysts at Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Fireweed Metals Stock Performance

Shares of Fireweed Metals stock opened at C$3.39 on Wednesday. The company has a market capitalization of C$769.81 million, a P/E ratio of -16.14 and a beta of 1.96. Fireweed Metals has a 1 year low of C$2.50 and a 1 year high of C$5.15. The company’s fifty day moving average is C$3.26 and its two-hundred day moving average is C$3.83.

Insider Activity

In related news, insider Larry Childress purchased 107,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of C$3.43 per share, for a total transaction of C$367,010.00. Following the transaction, the insider directly owned 23,930,026 shares of the company’s stock, valued at approximately C$82,079,989.18. The trade was a 0.45% increase in their position. Insiders bought a total of 287,000 shares of company stock worth $966,410 over the last 90 days. Company insiders own 33.68% of the company’s stock.

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.