Fireweed Metals (CVE:FWZ) Shares Down 3.6% – What’s Next?

Fireweed Metals Corp. (CVE:FWZ) shares were down 3.6% during trading on Tuesday . The company traded as low as C$1.59 and last traded at C$1.61. Approximately 134,731 shares changed hands during trading, a decline of 16% from the average daily volume of 159,589 shares. The stock had previously closed at C$1.67.

Analyst Upgrades and Downgrades

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

Fireweed Metals Stock Down 3.6 %

The firm has a market cap of C$289.20 million, a price-to-earnings ratio of -7.82 and a beta of 1.06. The stock’s 50 day moving average is C$1.52 and its 200 day moving average is C$1.42.

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.