Osisko Metals Incorporated (CVE:OM - Get Free Report)'s stock price dropped 0.7% on Friday . The stock traded as low as C$0.42 and last traded at C$0.43. Approximately 946,581 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 645,404 shares. The stock had previously closed at C$0.43.
Wall Street Analyst Weigh In
Several brokerages have weighed in on OM. Scotiabank set a C$1.00 target price on Osisko Metals and gave the company an "outperform" rating in a research note on Thursday, May 1st. National Bankshares set a C$1.25 target price on shares of Osisko Metals and gave the company an "outperform" rating in a research report on Thursday, April 3rd.
Get Our Latest Stock Analysis on Osisko Metals
Osisko Metals Stock Performance
The stock has a market cap of C$120.37 million, a price-to-earnings ratio of -15.51 and a beta of 0.97. The company's 50-day simple moving average is C$0.42 and its 200-day simple moving average is C$0.37. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43.
Insider Activity
In related news, Director John Feliks Burzynski purchased 100,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of C$0.44 per share, for a total transaction of C$44,000.00. Over the last quarter, insiders have acquired 369,100 shares of company stock worth $163,437. 29.43% of the stock is owned by corporate insiders.
About Osisko Metals
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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.
Further Reading
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