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

Osisko Metals Incorporated (CVE:OM - Get Free Report)'s stock price traded down 10.9% on Monday . The stock 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.

Wall Street Analysts Forecast Growth

OM has been the topic of several research reports. Scotiabank set a C$1.00 price target 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 price target on Osisko Metals and gave the company an "outperform" rating in a research note on Thursday, April 3rd.

Osisko Metals Stock Performance

The stock 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 quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. The firm has a 50 day moving average price of C$0.42 and a 200 day moving average price of C$0.39.

Insider Activity

In other news, Director Robert Wares bought 500,000 shares of Osisko Metals stock in a transaction on Tuesday, June 24th. The stock was acquired at an average cost of C$0.40 per share, for a total transaction of C$200,000.00. Also, Director John Feliks Burzynski bought 100,000 shares of Osisko Metals stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of C$0.44 per share, with a total value of C$44,000.00. Over the last 90 days, insiders have bought 1,069,100 shares of company stock worth $445,897. 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.