Osisko Metals (CVE:OM) Stock Price Down 4.3% – Time to Sell?

Osisko Metals Incorporated (CVE:OM)’s stock price fell 4.3% during trading on Monday . The company traded as low as C$0.44 and last traded at C$0.44. 209,489 shares were traded during mid-day trading, a decline of 65% from the average session volume of 605,161 shares. The stock had previously closed at C$0.46.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. National Bankshares set a C$1.25 price target on Osisko Metals and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Scotiabank set a C$1.00 price objective on shares of Osisko Metals and gave the stock an “outperform” rating in a report on Thursday, May 1st.

Osisko Metals Stock Down 4.3%

The stock has a market cap of C$123.17 million, a PE ratio of -15.87 and a beta of 0.97. The business has a 50 day moving average price of C$0.44 and a 200 day moving average price of C$0.41. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43.

Insider Activity at Osisko Metals

In other news, Senior Officer Donald Robert Njegovan bought 100,000 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of C$0.41 per share, with a total value of C$41,460.00. Also, Director Robert Wares acquired 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were bought at an average cost of C$0.40 per share, for a total transaction of C$200,000.00. In the last 90 days, insiders have purchased 1,169,100 shares of company stock worth $487,897. 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.