Fireweed Metals (CVE:FWZ) Reaches New 1-Year High - Still a Buy?

Key Points

• Fireweed Metals Corp. reached a new 52-week high, trading at C$3.01 with a market cap of C$631.15 million.
• Canaccord Genuity Group upgraded the stock to a "moderate buy" rating, indicating positive sentiment among analysts.
• The company is engaged in the exploration of mineral assets in Canada, focusing on zinc, lead, silver, gallium, and germanium deposits.

Fireweed Metals Corp. (CVE:FWZ - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.01 and last traded at C$3.01, with a volume of 530340 shares changing hands. The stock had previously closed at C$2.87.

Analysts Set New Price Targets

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

Fireweed Metals Trading Up 5.1%

The stock has a market cap of C$631.15 million, a price-to-earnings ratio of -15.08 and a beta of 0.97. The stock's 50-day moving average price is C$2.56 and its 200-day moving average price is C$2.19.

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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