Fireweed Metals (CVE:FWZ) Insider Larry Childress Purchases 80,000 Shares

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

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

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

Fireweed Metals Price Performance

Shares of CVE:FWZ opened at C$3.39 on Wednesday. Fireweed Metals Corp. has a 12 month low of C$2.34 and a 12 month high of C$5.15. The firm has a market capitalization of C$769.39 million, a P/E ratio of -15.41 and a beta of 1.62. The company’s fifty day moving average price is C$3.33 and its 200 day moving average price is C$3.83.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$6.50 target price on Fireweed Metals and gave the stock an “outperform” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.