Insider Buying: Fireweed Metals (CVE:FWZ) Insider Purchases C$367,010.00 in Stock

Fireweed Metals Corp. (CVE:FWZ) insider Larry Childress bought 107,000 shares of Fireweed Metals stock in a transaction on Monday, August 10th. The stock was acquired at an average price of C$3.43 per share, for a total transaction of C$367,010.00. Following the purchase, the insider owned 23,930,026 shares of the company’s stock, valued at approximately C$82,079,989.18. This trade represents a 0.45% increase in their ownership of the stock.

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

• On Tuesday, August 11th, Larry Childress bought 80,000 shares of Fireweed Metals stock. The shares were bought at an average cost of C$3.43 per share, with a total value of C$274,400.00.
• On Wednesday, August 5th, Larry Childress bought 100,000 shares of Fireweed Metals stock. The shares were bought at an average cost of C$3.25 per share, with a total value of C$325,000.00.

Fireweed Metals Trading Down 2.6%

CVE FWZ opened at C$3.41 on Friday. The company’s 50-day moving average price is C$3.29 and its 200-day moving average price is C$3.83. The stock has a market cap of C$773.93 million, a PE ratio of -15.50 and a beta of 1.62. Fireweed Metals Corp. has a 12 month low of C$2.38 and a 12 month high of C$5.15.

Analysts Set New Price Targets

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 report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Fireweed Metals currently has a consensus rating of “Buy” and a consensus target price of C$5.25.

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.