Fireweed Metals (CVE:FWZ) Trading Up 4.1% – What’s Next?

Fireweed Metals Corp. (CVE:FWZ) shares were up 4.1% on Thursday . The stock traded as high as C$3.30 and last traded at C$3.30. 141,275 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 332,364 shares. The stock had previously closed at C$3.17.

Analysts Set New Price Targets

Separately, Raymond James Financial set a C$6.50 price target on shares of Fireweed Metals and gave the company an “outperform” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$5.25.

Fireweed Metals Price Performance

The business has a 50 day simple moving average of C$3.86 and a 200 day simple moving average of C$3.82. The company has a market cap of C$730.80 million, a price-to-earnings ratio of -14.64 and a beta of 1.68.

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.