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Fireweed Zinc Ltd. is a company with the highest grade deposit of tungsten in the world, located in Canada. It has no revenue, losses, and negative cash flow, but holds $37M in cash. Insiders own 6% and have been recent buyers. The company's future is tied to the EV market due to copper in its deposit. It is considered highly speculative and many years from developing a mine. However, it has some good qualities in a sector that could be hot for a while, and the stock is currently acting well.
A good team. They could potentially find a big zinc asset in the Macmillan Pass in the Yukon. He's more interested in their exploration upside. Saw results last week and into November that he's monitoring. It's an exploration play to find more zinc.He's definitely watching it.
Fireweed Zinc Ltd. is a Canadian stock, trading under the symbol FWZ-X on the TSX Venture Exchange (FWZ-CV). It is usually referred to as TSXV:FWZ or FWZ-X
In the last year, there was no coverage of Fireweed Zinc Ltd. published on Stockchase.
Fireweed Zinc Ltd. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Fireweed Zinc Ltd. .
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Fireweed Zinc Ltd. In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Fireweed Zinc Ltd. (FWZ-X) stock closed at a price of $1.43.
The company claims to have the highest grade deposit of tungsten in the world, in Canada (Yukon and NWT), so in a safe jurisdiction. But as a developer it has no revenue, losses and negative cash flow. It does have $37M cash, however. Insiders own 6% and have been recent buyers. Its deposit also holds copper, so its future is tied to the EV market, largely. No one should 'expect' 100-bag returns, but it has some good qualities in a sector that could be hot for a while. The stock is acting well. But it is many years from ever developing a mine, and needs to be considered highly speculative.
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