Key Points
- Insider Larry Childress purchased 100,000 Fireweed Metals shares at an average price of C$3.25, investing C$325,000 and increasing his ownership to 23,323,026 shares valued at about C$75.8 million.
- Fireweed Metals opened at C$3.28, with a market capitalization of approximately C$744.4 million. The stock has traded between C$2.30 and C$5.15 over the past year.
- Analysts maintain a positive view, with an average rating of “Buy” and a consensus price target of C$5.25; Raymond James assigned an “outperform” rating with a C$6.50 target.
Fireweed Metals Corp. (CVE:FWZ - Get Free Report) insider Larry Childress bought 100,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were acquired at an average cost of C$3.25 per share, for a total transaction of C$325,000.00. Following the purchase, the insider owned 23,323,026 shares in the company, valued at approximately C$75,799,834.50. This represents a 0.43% increase in their ownership of the stock.
Fireweed Metals Price Performance
CVE FWZ opened at C$3.28 on Thursday. The firm has a market capitalization of C$744.42 million, a price-to-earnings ratio of -14.91 and a beta of 1.62. The company has a 50 day simple moving average of C$3.42 and a 200-day simple moving average of C$3.83. Fireweed Metals Corp. has a 52-week low of C$2.30 and a 52-week high of C$5.15.
Wall Street Analyst Weigh In
Separately, Raymond James Financial set a C$6.50 target price on shares of Fireweed Metals and gave the stock 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 given a Buy rating to the stock. Based on data from MarketBeat.com, Fireweed Metals presently has an average rating of "Buy" and a consensus target price of C$5.25.
Read Our Latest Analysis on Fireweed Metals
Fireweed Metals Company Profile
(
Get Free Report)
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.
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