Fireweed Metals (CVE:FWZ) Sets New 52-Week 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) shares reached a new 52-week high on Monday . The stock traded as high as C$2.80 and last traded at C$2.80, with a volume of 223230 shares. The stock had previously closed at C$2.74.

Analysts Set New Price Targets

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

Fireweed Metals Trading Up 5.0%

The firm has a market capitalization of C$619.64 million, a PE ratio of -14.80 and a beta of 0.97. The business has a 50-day moving average of C$2.55 and a 200 day moving average of C$2.17.

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.