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

Osisko Metals Incorporated (CVE:OM - Get Free Report)'s stock price was 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. Approximately 121,450 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 615,300 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

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

Osisko Metals Stock Performance

The company has a market capitalization of C$111.97 million, a P/E ratio of -14.43 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. The company's fifty day moving average is C$0.42 and its 200 day moving average is C$0.39.

Insider Activity

In other news, Director John Feliks Burzynski purchased 100,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of C$0.44 per share, with a total value of C$44,000.00. Over the last three months, insiders purchased 369,100 shares of company stock worth $163,437. 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.

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