Osisko Metals (CVE:OM) Reaches New 1-Year High – Here’s What Happened

Osisko Metals Incorporated (CVE:OM)’s share price 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 changing hands. The stock had previously closed at C$0.34.

Osisko Metals Price Performance

The company has a market cap of C$110.57 million, a price-to-earnings ratio of -14.24 and a beta of 0.97. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. The company’s fifty day moving average price is C$0.33 and its two-hundred day moving average price is C$0.26.

Insiders Place Their Bets

In related news, Director Robert Wares acquired 100,000 shares of the company’s stock in a transaction dated Monday, January 20th. The shares were bought at an average cost of C$0.31 per share, with a total value of C$31,000.00. Also, Director John Feliks Burzynski acquired 300,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of C$0.28 per share, for a total transaction of C$84,090.00. Over the last three months, insiders have bought 1,207,500 shares of company stock valued at $376,710. 29.43% of the stock is currently owned by corporate insiders.

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.