Osisko Metals (CVE:OM) Hits New 52-Week High – Time to Buy?

Osisko Metals Incorporated (CVE:OM) reached a new 52-week high on Monday . The company traded as high as C$0.55 and last traded at C$0.52, with a volume of 364321 shares changing hands. The stock had previously closed at C$0.53.

Osisko Metals Stock Performance

The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.70 and a current ratio of 0.08. The business has a 50 day moving average price of C$0.37 and a two-hundred day moving average price of C$0.30. The company has a market cap of C$145.57 million, a P/E ratio of -18.75 and a beta of 0.97.

Insider Activity

In other Osisko Metals news, Senior Officer Blair David Zaritsky purchased 185,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of C$0.33 per share, with a total value of C$61,050.00. Also, Director John Feliks Burzynski purchased 110,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of C$0.34 per share, with a total value of C$37,356.00. In the last quarter, insiders purchased 637,500 shares of company stock valued at $210,770. 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.