Osisko Metals (CVE:OM) Shares Up 5.8% Following Insider Buying Activity

Osisko Metals Incorporated (CVE:OM - Get Free Report) rose 5.8% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 560,410 shares traded hands during trading, an increase of 232% from the average daily volume of 168,783 shares. The stock had previously closed at C$0.26.

Specifically, Director John Feliks Burzynski bought 300,000 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of C$0.28 per share, for a total transaction of C$84,090.00.

Osisko Metals Price Performance

The firm has a market capitalization of C$71.84 million, a P/E ratio of -9.33 and a beta of 0.97. 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 business has a 50 day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.23.

About Osisko Metals

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.