Fireweed Metals (CVE:FWZ) Stock Price Up 4.1% – Still a Buy?

Fireweed Metals Corp. (CVE:FWZ) shares were up 4.1% during mid-day trading on Thursday . The stock traded as high as C$3.30 and last traded at C$3.30. Approximately 141,275 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 332,364 shares. The stock had previously closed at C$3.17.

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 note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.25.

Fireweed Metals Stock Up 4.1%

The company has a market cap of C$748.96 million, a PE ratio of -15.00 and a beta of 1.68. The business has a 50-day simple moving average of C$3.88 and a 200-day simple moving average of C$3.82.

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.