Fireweed Metals (CVE:FWZ) Hits New 12-Month High - Still a Buy?

Key Points

• Fireweed Metals Corp. (CVE:FWZ) recently achieved a new 52-week high with its stock price reaching C$2.80 during trading, reflecting a notable interest with a volume of 223,230 shares traded.
• Analyst firm Canaccord Genuity has upgraded Fireweed Metals to a "moderate buy" rating, suggesting confidence in the company's future performance.
• The company, with a market capitalization of C$619.64 million, specializes in the exploration of mineral assets, including zinc, lead, silver, gallium, and germanium.

Fireweed Metals Corp. (CVE:FWZ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.80 and last traded at C$2.80, with a volume of 223230 shares changing hands. The stock had previously closed at C$2.74.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Fireweed Metals to a "moderate buy" rating in a research report on Tuesday, July 22nd.

Fireweed Metals Stock Performance

The company has a market capitalization of C$619.64 million, a P/E ratio of -14.80 and a beta of 0.97. The business has a 50 day moving average of C$2.53 and a 200-day moving average of C$2.13.

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.

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