Osisko Metals (CVE:OM) Stock Price Down 10.9% - Time to Sell?

Osisko Metals Incorporated (CVE:OM - Get Free Report) shares traded down 10.9% during mid-day trading on Monday . The company traded as low as C$0.41 and last traded at C$0.41. 121,450 shares changed hands during trading, a decline of 80% from the average session volume of 615,300 shares. The stock had previously closed at C$0.46.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank set a C$1.00 price objective on shares of Osisko Metals and gave the company an "outperform" rating in a report on Thursday, May 1st. National Bankshares set a C$1.25 price objective on shares of Osisko Metals and gave the company an "outperform" rating in a report on Thursday, April 3rd.

Osisko Metals Stock Performance

The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.70 and a current ratio of 0.08. The business's fifty day simple moving average is C$0.42 and its 200-day simple moving average is C$0.39. The firm has a market capitalization of C$116.17 million, a PE ratio of -14.97 and a beta of 0.97.

Insider Activity at Osisko Metals

In other Osisko Metals news, Director John Feliks Burzynski bought 200,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of C$0.44 per share, with a total value of C$88,820.00. Also, Director Robert Wares bought 500,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average cost of C$0.40 per share, with a total value of C$200,000.00. Over the last ninety days, insiders acquired 1,069,100 shares of company stock valued at $445,897. 29.43% of the stock is owned by corporate insiders.

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.