Fireweed Metals (CVE:FWZ) Stock Price Up 8.2% - Here's What Happened

Key Points

• Fireweed Metals Corp.'s shares rose 8.2% during mid-day trading, reaching a price of C$2.65 after closing at C$2.45 previously.
• The company received a "moderate buy" rating upgrade from Canaccord Genuity Group on July 22nd.
• Fireweed Metals, with a market capitalization of C$476.01 million, focuses on acquiring and exploring mineral assets, including zinc, lead, silver, gallium, and germanium deposits.

Fireweed Metals Corp. (CVE:FWZ - Get Free Report) traded up 8.2% during trading on Friday . The company traded as high as C$2.66 and last traded at C$2.65. 303,640 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 259,558 shares. The stock had previously closed at C$2.45.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of 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$449.06 million, a PE ratio of -12.15 and a beta of 1.06. The company's 50-day simple moving average is C$2.46 and its 200-day simple moving average is C$2.02.

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.