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

Shares of Fireweed Metals Corp. (CVE:FWZ) were down 2% during mid-day trading on Thursday . The company traded as low as C$1.42 and last traded at C$1.44. Approximately 89,396 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 147,279 shares. The stock had previously closed at C$1.47.

Wall Street Analyst Weigh In

Separately, Ventum Financial increased their price objective on Fireweed Metals from C$2.30 to C$2.50 in a report on Thursday, August 22nd.

Fireweed Metals Stock Performance

The firm has a market capitalization of C$265.53 million, a P/E ratio of -5.48 and a beta of 1.06. The business has a fifty day moving average of C$1.35 and a 200-day moving average of C$1.24.

Fireweed Metals (CVE:FWZ) last released its earnings results on Tuesday, August 13th. The company reported C($0.06) earnings per share for the quarter.

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.