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

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

Fireweed Metals Price Performance

FWZ stock opened at C$3.13 on Friday. The firm has a market cap of C$710.38 million, a price-to-earnings ratio of -14.23 and a beta of 1.62. Fireweed Metals Corp. has a 1-year low of C$2.30 and a 1-year high of C$5.15. The firm has a fifty day moving average price of C$3.40 and a two-hundred day moving average price of C$3.83.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$6.50 price objective on shares of Fireweed Metals and gave the stock an “outperform” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, Fireweed Metals presently has an average 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.