Osisko Metals (CVE:OM) Reaches New 52-Week High - Here's Why

Shares of Osisko Metals Incorporated (CVE:OM - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.37 and last traded at C$0.36, with a volume of 394180 shares traded. The stock had previously closed at C$0.33.

Osisko Metals Stock Performance

The firm has a 50 day moving average of C$0.27 and a two-hundred day moving average of C$0.23. The company has a debt-to-equity ratio of 36.04, a current ratio of 0.15 and a quick ratio of 0.70. The stock has a market cap of C$91.09 million, a PE ratio of -11.83 and a beta of 0.97.

Insider Activity

In related news, Director John Feliks Burzynski acquired 300,000 shares of Osisko Metals 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. Over the last ninety days, insiders bought 575,000 shares of company stock valued at $167,465. 29.43% of the stock is currently owned by company 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.