Fireweed Metals (CVE:FWZ) Shares Down 0.6% – Here’s Why

Fireweed Metals Corp. (CVE:FWZ) was down 0.6% on Monday . The company traded as low as C$1.61 and last traded at C$1.64. Approximately 120,792 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 183,723 shares. The stock had previously closed at C$1.65.

Fireweed Metals Stock Down 0.6 %

The firm has a market capitalization of C$294.59 million, a P/E ratio of -7.97 and a beta of 1.06. The firm has a 50 day moving average of C$1.60 and a 200-day moving average of C$1.47.

Insider Activity

In other news, Director Ian Gibbs bought 150,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$1.50 per share, with a total value of C$225,000.00. Corporate insiders own 33.68% of the company’s stock.

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.