Fireweed Metals (CVE:FWZ) Trading Up 0.4% - Still a Buy?

Key Points

• Shares rose 0.4% to C$4.72 on Tuesday, but trading volume was roughly 140,500 shares, down about 64% from the average.
• The stock trades above its 50‑day (C$4.03) and 200‑day (C$3.37) moving averages and has a market cap of C$1.07 billion, with a negative P/E (-22.48) and a beta of 1.45.
• Fireweed Metals is a Canadian explorer of zinc, lead and silver (also gallium and germanium) with key assets at Macmillan Pass and Gayna River and an option on the Mactung tungsten project in Yukon/NWT.

Shares of Fireweed Metals Corp. (CVE:FWZ - ) shot up 0.4% on Tuesday . The company traded as high as C$4.73 and last traded at C$4.72. Approximately 140,500 shares were traded during trading, a decline of 64% from the average session volume of 392,659 shares. The stock had previously closed at C$4.70.

Fireweed Metals Trading Up 0.4%

The firm has a fifty day simple moving average of C$4.03 and a 200 day simple moving average of C$3.37. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of -22.48 and a beta of 1.45.

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. It also has an option to acquire 100% interest in the Mactung Tungsten project that covers an area of 37.6 square kilometers located in Yukon and Northwest Territories, Canada.

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