Fireweed Metals (CVE:FWZ) Reaches New 52-Week Low – Should You Sell?

Fireweed Metals Corp. (CVE:FWZ – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as C$2.30 and last traded at C$2.30, with a volume of 151,370 shares changing hands. The stock had previously closed at C$2.43.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Fireweed Metals to a “hold” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.25.

Check Out Our Latest Stock Report on FWZ

Fireweed Metals Stock Down 5.8%

The firm has a 50 day moving average price of C$3.06 and a 200 day moving average price of C$3.60. The stock has a market cap of C$520.02 million, a PE ratio of -10.90 and a beta of 1.99.

Insider Activity at Fireweed Metals

In other Fireweed Metals news, insider Larry Childress purchased 331,000 shares of the stock in a transaction dated Thursday, October 8th. The stock was purchased at an average price of C$2.84 per share, with a total value of C$940,040.00. Following the transaction, the insider owned 24,388,526 shares of the company’s stock, valued at approximately C$69,263,413.84. This trade represents a 1.38% increase in their ownership of the stock. In the last three months, insiders have bought 618,000 shares of company stock valued at $1,906,450. Insiders own 33.68% of the company’s stock.

About Fireweed Metals

(Get Free Report)

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.

Further Reading

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