Fireweed Metals (CVE:FWZ) PT Set at C$6.50 by Raymond James Financial

Fireweed Metals (CVE:FWZ) has been given a C$6.50 price target by Raymond James Financial in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 52.58% from the company’s current price.

Fireweed Metals Stock Performance

Shares of Fireweed Metals stock remained flat at C$4.26 during trading on Thursday. 611,867 shares of the stock traded hands, compared to its average volume of 378,748. The firm has a market capitalization of C$966.45 million, a PE ratio of -20.29 and a beta of 1.45. Fireweed Metals has a 12-month low of C$1.72 and a 12-month high of C$5.15. The company has a 50 day simple moving average of C$4.28 and a two-hundred day simple moving average of C$3.49.

About Fireweed Metals

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.