Osisko Metals (CVE:OM) Shares Up 5.8% Following Insider Buying Activity

Osisko Metals Incorporated (CVE:OM) shot up 5.8% during mid-day trading on Friday following insider buying activity. The stock traded as high as C$0.28 and last traded at C$0.28. 560,410 shares were traded during mid-day trading, an increase of 232% from the average session volume of 168,783 shares. The stock had previously closed at C$0.26.

Specifically, Director John Feliks Burzynski acquired 300,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of C$0.28 per share, for a total transaction of C$84,090.00.

Osisko Metals Price Performance

The stock has a market cap of C$71.84 million, a P/E ratio of -9.33 and a beta of 0.97. The business’s 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.23. The company has a current ratio of 0.15, a quick ratio of 0.70 and a debt-to-equity ratio of 36.04.

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.