Fireweed Metals (CVE:FWZ) Reaches New 12-Month Low – Should You Sell?

Fireweed Metals Corp. (CVE:FWZ) shares reached a new 52-week low on Thursday. The stock traded as low as C$2.10 and last traded at C$2.43, with a volume of 433,005 shares traded. The stock had previously closed at C$2.43.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Fireweed Metals to a “hold” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$5.25.

Fireweed Metals Price Performance

The firm has a market cap of C$551.81 million, a price-to-earnings ratio of -11.57 and a beta of 1.75. The stock’s fifty day moving average price is C$2.97 and its 200-day moving average price is C$3.58.

Insider Activity at Fireweed Metals

In other Fireweed Metals news, insider Larry Childress bought 331,000 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of C$2.84 per share, with a total value of C$940,040.00. Following the completion of the transaction, the insider directly owned 24,388,526 shares in the company, valued at approximately C$69,263,413.84. This represents a 1.38% increase in their position. Insiders acquired a total of 518,000 shares of company stock valued at $1,581,450 over the last ninety days. Company insiders own 33.68% of the company’s stock.

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.