Osisko Metals (CVE:OM) Shares Down 4.5% - Time to Sell?

Key Points

• Osisko Metals shares declined by 4.5%, trading as low as C$0.42, with a volume significantly higher than the average, reaching 811,979 shares.
• Scotiabank set a price target of C$1.00 for Osisko Metals, maintaining an "outperform" rating.
• Insider transactions included significant purchases, with Director Robert Wares buying 500,000 shares at C$0.40, indicating confidence among insiders in the company's future.

Osisko Metals Incorporated (CVE:OM - Get Free Report) shares fell 4.5% during trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.42. 811,979 shares traded hands during trading, an increase of 35% from the average session volume of 602,579 shares. The stock had previously closed at C$0.44.

Analyst Upgrades and Downgrades

Separately, Scotiabank set a C$1.00 price target on Osisko Metals and gave the company an "outperform" rating in a report on Thursday, May 1st.

Osisko Metals Trading Down 4.5%

The stock has a 50-day simple moving average of C$0.43 and a 200 day simple moving average of C$0.42. The company has a market cap of C$117.57 million, a price-to-earnings ratio of -15.15 and a beta of 0.97. The company has a current ratio of 0.08, a quick ratio of 0.70 and a debt-to-equity ratio of 37.43.

Insider Buying and Selling at Osisko Metals

In other Osisko Metals news, Director Robert Wares purchased 500,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was purchased at an average price of C$0.40 per share, for a total transaction of C$200,000.00. Also, Director John Feliks Burzynski purchased 200,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of C$0.44 per share, with a total value of C$88,820.00. In the last quarter, insiders purchased 1,942,100 shares of company stock worth $828,638. 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.

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