Fireweed Metals (CVE:FWZ) Stock Price Down 1.9% – Time to Sell?

Fireweed Metals Corp. (CVE:FWZ)’s stock price was down 1.9% during mid-day trading on Thursday . The stock traded as low as C$4.02 and last traded at C$4.04. Approximately 109,913 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 376,576 shares. The stock had previously closed at C$4.12.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$6.50 target price on Fireweed Metals and gave the company an “outperform” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, Fireweed Metals currently has an average rating of “Buy” and a consensus price target of C$5.25.

Fireweed Metals Stock Performance

The company has a 50 day moving average price of C$4.28 and a 200 day moving average price of C$3.61. The firm has a market cap of C$918.84 million, a price-to-earnings ratio of -19.29 and a beta of 1.60.

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.