Osisko Metals (CVE:OM) Reaches New 52-Week High – Here’s What Happened

Osisko Metals Incorporated (CVE:OM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.40 and last traded at C$0.39, with a volume of 269530 shares changing hands. The stock had previously closed at C$0.38.

Osisko Metals Stock Down 3.9 %

The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. The stock has a 50 day simple moving average of C$0.34 and a 200 day simple moving average of C$0.27. The stock has a market cap of C$103.58 million, a price-to-earnings ratio of -13.34 and a beta of 0.97.

Insider Buying and Selling at Osisko Metals

In related news, Senior Officer Blair David Zaritsky bought 185,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average price of C$0.33 per share, with a total value of C$61,050.00. Also, Director John Feliks Burzynski bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were bought at an average cost of C$0.36 per share, for a total transaction of C$35,500.00. Over the last quarter, insiders bought 1,212,500 shares of company stock valued at $378,235. Company insiders own 29.43% of the company’s stock.

Osisko Metals Company Profile

Osisko Metals Incorporated, together with its subsidiaries, engages in the exploration and evaluation of based metal properties in Canada. The company holds interest in the Pine Point project located on the south shore of Great Slave Lake in the Northwest Territories; and 100% interest in the Gaspé Copper project that hosts the undeveloped copper resource located near Murdochville in the Gaspé peninsula of Québec.