Osisko Metals (CVE:OM) Reaches New 12-Month High – Still a Buy?

Osisko Metals Incorporated (CVE:OM) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.39, with a volume of 115700 shares traded. The stock had previously closed at C$0.38.

Osisko Metals Stock Up 2.6 %

The company has a current ratio of 0.08, a quick ratio of 0.70 and a debt-to-equity ratio of 37.43. The firm’s fifty day moving average is C$0.34 and its 200 day moving average is C$0.27. The stock has a market cap of C$109.17 million, a P/E ratio of -14.06 and a beta of 0.97.

Insiders Place Their Bets

In other news, Director Robert Wares purchased 100,000 shares of the stock in a transaction that occurred on Monday, January 20th. The shares were purchased at an average cost of C$0.31 per share, for a total transaction of C$31,000.00. Also, Director John Feliks Burzynski purchased 300,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of C$0.28 per share, for a total transaction of C$84,090.00. Insiders have acquired a total of 1,212,500 shares of company stock valued at $378,235 in the last three months. Company 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.