Insider Buying: Fireweed Metals (CVE:FWZ) Insider Buys C$274,400.00 in Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of C$3.43 per share, with a total value of C$274,400.00. Following the purchase, the insider owned 24,010,026 shares of the company’s stock, valued at C$82,354,389.18. The trade was a 0.33% increase in their ownership of the stock.

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

• On Monday, August 10th, Larry Childress purchased 107,000 shares of Fireweed Metals stock. The stock was bought at an average price of C$3.43 per share, for a total transaction of C$367,010.00.
• On Wednesday, August 5th, Larry Childress purchased 100,000 shares of Fireweed Metals stock. The stock was bought at an average price of C$3.25 per share, for a total transaction of C$325,000.00.

Fireweed Metals Stock Performance

FWZ stock traded down C$0.03 during midday trading on Tuesday, reaching C$3.39. 170,222 shares of the company were exchanged, compared to its average volume of 328,051. The company has a market cap of C$769.39 million, a price-to-earnings ratio of -15.41 and a beta of 1.62. Fireweed Metals Corp. has a 1-year low of C$2.34 and a 1-year high of C$5.15. The stock’s 50-day simple moving average is C$3.35 and its 200 day simple moving average is C$3.83.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.