Fireweed Metals (CVE:FWZ) Hits New 1-Year High – Time to Buy?

Fireweed Metals Corp. (CVE:FWZ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets set a C$4.00 price objective on shares of Fireweed Metals and gave the stock an “outperform” rating in a research note on Monday, December 1st. Ventum Financial upgraded shares of Fireweed Metals to a “strong-buy” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Fireweed Metals currently has a consensus rating of “Strong Buy” and an average target price of C$4.00.

Fireweed Metals Stock Performance

The stock has a market capitalization of C$894.11 million, a PE ratio of -18.43 and a beta of 1.65. The stock has a 50-day moving average price of C$3.30 and a two-hundred day moving average price of C$3.00.

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.