Larry Childress Purchases 107,000 Shares of Fireweed Metals (CVE:FWZ) Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 107,000 shares of Fireweed Metals stock in a transaction on Monday, August 10th. The shares were bought at an average cost of C$3.43 per share, with a total value of C$367,010.00. Following the acquisition, the insider directly owned 23,930,026 shares in the company, valued at approximately C$82,079,989.18. This represents a 0.45% increase in their ownership of the stock.

Larry Childress also recently made the following trade(s):

• On Tuesday, August 11th, Larry Childress purchased 80,000 shares of Fireweed Metals stock. The shares were bought at an average price of C$3.43 per share, for a total transaction of C$274,400.00.
• On Wednesday, August 5th, Larry Childress purchased 100,000 shares of Fireweed Metals stock. The stock was purchased at an average cost of C$3.25 per share, for a total transaction of C$325,000.00.

Fireweed Metals Trading Up 3.2%

FWZ stock opened at C$3.50 on Thursday. The firm has a 50 day moving average of C$3.31 and a 200-day moving average of C$3.83. The firm has a market capitalization of C$794.35 million, a P/E ratio of -15.91 and a beta of 1.62. Fireweed Metals Corp. has a 12 month low of C$2.38 and a 12 month high of C$5.15.

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 research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, Fireweed Metals has a consensus rating of “Buy” and an average price target 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.