Larry Childress Buys 80,000 Shares of Fireweed Metals (CVE:FWZ) Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 80,000 shares of Fireweed Metals stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of C$3.43 per share, for a total transaction of C$274,400.00. Following the completion of the acquisition, the insider directly owned 24,010,026 shares in the company, valued at C$82,354,389.18. This represents a 0.33% increase in their ownership of the stock.

Larry Childress also recently made the following trade(s):

• On Monday, August 10th, Larry Childress bought 107,000 shares of Fireweed Metals stock. The shares were acquired at an average price of C$3.43 per share, for a total transaction of C$367,010.00.
• On Wednesday, August 5th, Larry Childress acquired 100,000 shares of Fireweed Metals stock. The stock was bought at an average price of C$3.25 per share, with a total value of C$325,000.00.

Fireweed Metals Price Performance

FWZ opened at C$3.50 on Thursday. The stock has a market capitalization of C$794.35 million, a P/E ratio of -15.91 and a beta of 1.62. The company’s 50 day simple moving average is C$3.31 and its 200-day simple moving average is C$3.83. Fireweed Metals Corp. has a one year low of C$2.38 and a one year high of C$5.15.

Analysts Set New Price Targets

Separately, Raymond James Financial set a C$6.50 price objective on shares of Fireweed Metals and gave the company an “outperform” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, Fireweed Metals currently has an average rating of “Buy” and a consensus price target of C$5.25.

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.