Fireweed Metals (CVE:FWZ) Sets New 1-Year High – Time to Buy?

Fireweed Metals Corp. (CVE:FWZ)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$3.76 and last traded at C$3.70, with a volume of 25246 shares changing hands. The stock had previously closed at C$3.44.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FWZ. Ventum Cap Mkts raised Fireweed Metals to a “strong-buy” rating in a research note on Monday, November 24th. BMO Capital Markets set a C$4.00 target price on shares of Fireweed Metals and gave the company an “outperform” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$4.00.

Fireweed Metals Stock Performance

The company has a market cap of C$774.97 million, a price-to-earnings ratio of -15.98 and a beta of 1.26. The business has a fifty day moving average price of C$3.00 and a 200 day moving average price of C$2.85.

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.