Key Points
- Insider Larry Childress bought 331,000 Fireweed Metals shares at an average C$2.84 each, spending C$940,040. After the purchase, he directly owned 24.39 million shares valued at approximately C$69.3 million.
- Fireweed Metals shares opened at C$2.86 and were up 1.8%, with a 52-week range of C$2.50 to C$5.15. The company has a market capitalization of about C$649.5 million.
- Analysts maintain a consensus “Buy” rating, with one Strong Buy, two Buys, and one Hold; the average price target is C$5.25. Jefferies recently upgraded the stock to “Hold.”
Fireweed Metals Corp. (CVE:FWZ - Get Free Report) insider Larry Childress purchased 331,000 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost of C$2.84 per share, for a total transaction of C$940,040.00. Following the completion of the transaction, the insider directly owned 24,388,526 shares of the company's stock, valued at C$69,263,413.84. This represents a 1.38% increase in their ownership of the stock.
Larry Childress also recently made the following trade(s):
- On Monday, August 10th, Larry Childress acquired 107,000 shares of Fireweed Metals stock. The stock was purchased at an average cost of C$3.43 per share, with a total value of C$367,010.00.
- On Tuesday, August 11th, Larry Childress acquired 80,000 shares of Fireweed Metals stock. The stock was purchased at an average cost of C$3.43 per share, with a total value of C$274,400.00.
- On Wednesday, August 5th, Larry Childress acquired 100,000 shares of Fireweed Metals stock. The stock was purchased at an average price of C$3.25 per share, with a total value of C$325,000.00.
Fireweed Metals Stock Up 1.8%
Fireweed Metals stock opened at C$2.86 on Friday. Fireweed Metals Corp. has a 52 week low of C$2.50 and a 52 week high of C$5.15. The company's 50 day moving average price is C$3.28 and its two-hundred day moving average price is C$3.68. The stock has a market cap of C$649.46 million, a P/E ratio of -13.62 and a beta of 1.99.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised Fireweed Metals to a "hold" rating in a research 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$5.25.
View Our Latest Research Report on Fireweed Metals
About Fireweed Metals
(
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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