Fireweed Metals (CVE:FWZ) Trading Down 2% – What’s Next?

Fireweed Metals Corp. (CVE:FWZ) dropped 2% during mid-day trading on Tuesday . The company traded as low as C$1.41 and last traded at C$1.44. Approximately 446,167 shares were traded during mid-day trading, an increase of 199% from the average daily volume of 149,148 shares. The stock had previously closed at C$1.47.

Analyst Upgrades and Downgrades

Separately, Ventum Financial increased their price objective on shares of Fireweed Metals from C$2.50 to C$2.65 in a report on Tuesday, November 5th.

Fireweed Metals Stock Down 2.8 %

The company has a market capitalization of C$251.17 million, a P/E ratio of -5.19 and a beta of 1.06. The business has a 50 day moving average of C$1.39 and a 200 day moving average of C$1.31.

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.