Osisko Metals (CVE:OM) Sets New 52-Week High – Still a Buy?

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

Osisko Metals Stock Up 9.2 %

The firm’s fifty day simple moving average is C$0.26 and its 200-day simple moving average is C$0.23. The company has a market cap of C$91.09 million, a PE ratio of -11.83 and a beta of 0.97. The company has a quick ratio of 0.70, a current ratio of 0.15 and a debt-to-equity ratio of 36.04.

Insider Buying and Selling at Osisko Metals

In other Osisko Metals news, Director John Feliks Burzynski acquired 300,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of C$0.28 per share, for a total transaction of C$84,090.00. Insiders have acquired a total of 575,000 shares of company stock valued at $167,465 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.