Osisko Metals (CVE:OM) Hits New 12-Month High After Insider Buying Activity

Osisko Metals Incorporated (CVE:OM)’s share price reached a new 52-week high on Monday following insider buying activity. The company traded as high as C$0.30 and last traded at C$0.30, with a volume of 727276 shares trading hands. The stock had previously closed at C$0.28.

Specifically, Director John Feliks Burzynski bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of C$0.30 per share, for a total transaction of C$59,000.00. Also, Director John Feliks Burzynski bought 300,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of C$0.28 per share, for a total transaction of C$84,090.00.

Osisko Metals Stock Up 8.9 %

The company has a debt-to-equity ratio of 36.04, a quick ratio of 0.70 and a current ratio of 0.15. The company has a market capitalization of C$78.26 million, a price-to-earnings ratio of -10.17 and a beta of 0.97. The firm’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$0.23.

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.