Fireweed Metals (CVE:FWZ) Insider Larry Childress Acquires 100,000 Shares of Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress purchased 100,000 shares of Fireweed Metals stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of C$3.25 per share, for a total transaction of C$325,000.00. Following the transaction, the insider directly owned 23,323,026 shares of the company’s stock, valued at approximately C$75,799,834.50. The trade was a 0.43% increase in their position.

Fireweed Metals Stock Up 3.8%

Shares of Fireweed Metals stock opened at C$3.28 on Thursday. The business has a 50-day moving average price of C$3.42 and a 200 day moving average price of C$3.83. Fireweed Metals Corp. has a fifty-two week low of C$2.30 and a fifty-two week high of C$5.15. The firm has a market cap of C$744.42 million, a P/E ratio of -14.91 and a beta of 1.62.

Analyst Ratings Changes

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

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.