Fireweed Metals (CVE:FWZ) Trading 2.5% Higher – Still a Buy?

Fireweed Metals Corp. (CVE:FWZ) traded up 2.5% during trading on Friday . The stock traded as high as C$3.81 and last traded at C$3.73. 182,412 shares were traded during trading, a decline of 49% from the average session volume of 356,128 shares. The stock had previously closed at C$3.64.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$6.50 target price on shares of Fireweed Metals and gave the stock 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$5.25.

Fireweed Metals Trading Up 2.5%

The firm’s 50 day moving average is C$4.33 and its two-hundred day moving average is C$3.73. The stock has a market cap of C$846.55 million, a price-to-earnings ratio of -16.95 and a beta of 1.69.

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.