Fireweed Metals (CVE:FWZ) Shares Down 3.2% – Time to Sell?

Fireweed Metals Corp. (CVE:FWZ) shares fell 3.2% on Wednesday . The company traded as low as C$1.47 and last traded at C$1.50. 199,610 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 217,403 shares. The stock had previously closed at C$1.55.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial lifted their target price on shares of Fireweed Metals from C$2.50 to C$2.65 in a research report on Tuesday, November 5th.

Fireweed Metals Trading Down 3.2 %

The company has a market capitalization of C$269.12 million, a P/E ratio of -5.56 and a beta of 1.06. The business’s fifty day moving average price is C$1.39 and its 200-day moving average price is C$1.33.

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.