Fireweed Metals (CVE:FWZ) Shares Up 7.7% – Should You Buy?

Fireweed Metals Corp. (CVE:FWZ)’s share price traded up 7.7% during trading on Monday . The stock traded as high as C$3.55 and last traded at C$3.48. 304,264 shares were traded during trading, a decline of 27% from the average session volume of 416,388 shares. The stock had previously closed at C$3.23.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FWZ shares. BMO Capital Markets set a C$4.00 price target on shares of Fireweed Metals and gave the stock an “outperform” rating in a research report on Monday, December 1st. Ventum Financial raised Fireweed Metals to a “strong-buy” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$4.00.

Fireweed Metals Price Performance

The business has a 50-day moving average of C$3.71 and a 200-day moving average of C$3.20. The firm has a market cap of C$733.85 million, a price-to-earnings ratio of -15.13 and a beta of 1.61.

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.