Fireweed Metals (CVE:FWZ) Trading Down 2.7% - Here's What Happened

Key Points

• Fireweed Metals Corp. stock experienced a decline of 2.7%, closing at C$2.48, which is a drop from its previous close of C$2.55.
• Canaccord Genuity upgraded Fireweed Metals to a "moderate buy" rating, indicating a more positive outlook from analysts.
• The company has a market cap of C$436.49 million and a PE ratio of -11.81, with significant activities focused on mineral exploration in Canada.

Fireweed Metals Corp. (CVE:FWZ - Get Free Report) traded down 2.7% on Thursday . The stock traded as low as C$2.48 and last traded at C$2.48. 154,773 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 266,881 shares. The stock had previously closed at C$2.55.

Analyst Ratings Changes

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

Fireweed Metals Price Performance

The firm's 50-day moving average price is C$2.35 and its 200 day moving average price is C$1.90. The firm has a market capitalization of C$414.93 million, a price-to-earnings ratio of -11.23 and a beta of 1.06.

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.