Osisko Metals (CVE:OM) Stock Price Down 12% - Time to Sell?

Shares of Osisko Metals Incorporated (CVE:OM - Get Free Report) traded down 12% during mid-day trading on Monday . The stock traded as low as C$0.41 and last traded at C$0.41. 131,450 shares changed hands during trading, a decline of 79% from the average session volume of 615,354 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

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

Osisko Metals Stock Performance

The firm has a market cap of C$116.17 million, a PE ratio of -14.97 and a beta of 0.97. The company has a debt-to-equity ratio of 37.43, a current ratio of 0.08 and a quick ratio of 0.70. The stock has a 50-day moving average price of C$0.42 and a 200 day moving average price of C$0.39.

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 shares were acquired 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 100,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of C$0.41 per share, for a total transaction of C$41,000.00. Over the last 90 days, insiders bought 1,069,100 shares of company stock valued at $445,897. Company insiders own 29.43% of the company's stock.

About Osisko Metals

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.