Fireweed Metals (CVE:FWZ) Sets New 52-Week High – Here’s Why

Fireweed Metals Corp. (CVE:FWZ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.92 and last traded at C$3.92, with a volume of 364501 shares traded. The stock had previously closed at C$3.59.

Analyst Upgrades and Downgrades

FWZ has been the subject of several recent analyst reports. Ventum Financial raised shares of Fireweed Metals to a “strong-buy” rating in a report on Monday, November 24th. BMO Capital Markets set a C$4.00 price target on Fireweed Metals and gave the company an “outperform” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$4.00.

Fireweed Metals Stock Up 9.2%

The firm has a market capitalization of C$826.63 million, a price-to-earnings ratio of -17.04 and a beta of 1.65. The business has a 50-day moving average of C$3.21 and a two-hundred day moving average of C$2.98.

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.