Fireweed Metals (CVE:FWZ) Trading Down 0.6% - Here's Why

Fireweed Metals Corp. (CVE:FWZ - Get Free Report) dropped 0.6% during trading on Monday . The stock traded as low as C$1.61 and last traded at C$1.64. Approximately 120,792 shares traded hands 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 Price Performance

The stock has a market cap of C$289.20 million, a price-to-earnings ratio of -7.82 and a beta of 1.06. The company's 50 day moving average is C$1.62 and its 200 day moving average is C$1.48.

Insider Buying and Selling at Fireweed Metals

In other news, Director Ian Gibbs purchased 150,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of C$1.50 per share, for a total transaction of C$225,000.00. 33.68% of the stock is currently owned by corporate insiders.

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.