Osisko Metals (CVE:OM) Reaches New 52-Week High – Should You Buy?

Osisko Metals Incorporated (CVE:OM) reached a new 52-week high on Thursday . The stock traded as high as C$0.38 and last traded at C$0.37, with a volume of 1242800 shares trading hands. The stock had previously closed at C$0.34.

Osisko Metals Stock Up 17.6 %

The stock has a fifty day moving average price of C$0.32 and a 200-day moving average price of C$0.26. The firm has a market cap of C$111.97 million, a PE ratio of -14.43 and a beta of 0.97. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.70 and a current ratio of 0.08.

Insider Buying and Selling at Osisko Metals

In related news, Senior Officer Blair David Zaritsky bought 185,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of C$0.33 per share, for a total transaction of C$61,050.00. Also, Director John Feliks Burzynski bought 300,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought 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 1,207,500 shares of company stock valued at $376,710 over the last ninety days. Corporate insiders own 29.43% of the company’s stock.

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.