Insider Buying: Osisko Metals Incorporated (CVE:OM) Director Acquires 50,000 Shares of Stock

Osisko Metals Incorporated (CVE:OM – Get Rating) Director Robert Wares bought 50,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were purchased at an average cost of C$0.54 per share, for a total transaction of C$27,000.00. Following the completion of the transaction, the director now directly owns 37,065,618 shares of the company’s stock, valued at C$20,015,433.72.

Robert Wares also recently made the following trade(s):

• On Friday, May 6th, Robert Wares bought 59,500 shares of Osisko Metals stock. The shares were purchased at an average cost of C$0.52 per share, for a total transaction of C$30,940.00.
• On Friday, April 29th, Robert Wares purchased 100,000 shares of Osisko Metals stock. The stock was bought at an average cost of C$0.55 per share, with a total value of C$55,000.00.
• On Friday, February 18th, Robert Wares purchased 50,000 shares of Osisko Metals stock. The stock was bought at an average cost of C$0.36 per share, with a total value of C$17,750.00.
• On Wednesday, February 16th, Robert Wares purchased 50,000 shares of Osisko Metals stock. The stock was bought at an average cost of C$0.36 per share, with a total value of C$17,750.00.
• On Monday, February 14th, Robert Wares purchased 50,000 shares of Osisko Metals stock. The stock was bought at an average cost of C$0.36 per share, with a total value of C$17,750.00.

CVE:OM traded up C$0.01 during trading on Friday, reaching C$0.54. The company’s stock had a trading volume of 221,722 shares, compared to its average volume of 241,058. The firm has a market cap of C$108.99 million and a price-to-earnings ratio of -19.29. The firm has a 50 day moving average of C$0.48 and a 200-day moving average of C$0.42. Osisko Metals Incorporated has a 12 month low of C$0.35 and a 12 month high of C$0.69.

Separately, Haywood Securities increased their price target on Osisko Metals from C$0.75 to C$0.90 in a research report on Monday, May 2nd.

About Osisko Metals (Get Rating)

Osisko Metals Incorporated, together with its subsidiaries, engages in the exploration and evaluation of based metal properties in Canada. It explores for zinc, lead, copper, and silver deposits. The company was formerly known as Bowmore Exploration Ltd. and changed its name to Osisko Metals Incorporated in June 2017.

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