Osisko Mining (TSE:OSK) Trading Up 62.9%

Osisko Mining Inc. (TSE:OSK)’s share price rose 62.9% during mid-day trading on Monday . The company traded as high as C$4.80 and last traded at C$4.79. Approximately 4,263,808 shares traded hands during mid-day trading, an increase of 387% from the average daily volume of 876,161 shares. The stock had previously closed at C$2.94.

Wall Street Analysts Forecast Growth

OSK has been the subject of several research reports. CIBC upped their price target on shares of Osisko Mining from C$4.50 to C$4.75 in a research report on Wednesday, July 10th. Raymond James increased their target price on shares of Osisko Mining from C$3.50 to C$3.75 in a report on Tuesday, April 23rd.

Osisko Mining Stock Performance

The company has a quick ratio of 5.83, a current ratio of 42.83 and a debt-to-equity ratio of 13.11. The business has a 50 day simple moving average of C$3.08 and a two-hundred day simple moving average of C$2.92. The firm has a market cap of C$1.76 billion, a PE ratio of 7.98 and a beta of 1.30.

Insider Activity at Osisko Mining

In other Osisko Mining news, Senior Officer Alexandria Marcotte sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$3.16, for a total value of C$158,000.00. 15.17% of the stock is owned by corporate insiders.

About Osisko Mining

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious mineral deposits in Canada. The company primarily explores for gold deposits. It holds interest in the Windfall Lake Project, Quévillon Osborne Project, and Urban-Barry Project located in Québec, Canada; and Phoenix Properties located in Québec, Canada.