Osisko Metals (CVE:OM) Reaches New 12-Month High - What's Next?

Shares of Osisko Metals Incorporated (CVE:OM - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.40 and last traded at C$0.39, with a volume of 269530 shares. The stock had previously closed at C$0.38.

Osisko Metals Stock Down 3.9 %

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 firm has a fifty day simple moving average of C$0.34 and a 200-day simple moving average of C$0.27. The company has a market capitalization of C$103.58 million, a PE ratio of -13.34 and a beta of 0.97.

Insiders Place Their Bets

In other news, Senior Officer Blair David Zaritsky purchased 185,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average cost of C$0.33 per share, for a total transaction of C$61,050.00. Also, Director John Feliks Burzynski purchased 300,000 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$0.28 per share, with a total value of C$84,090.00. Insiders have acquired 1,212,500 shares of company stock worth $378,235 in the last three months. 29.43% of the stock is owned by 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.