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

Osisko Metals Incorporated (CVE:OM)’s share price rose 5.8% on Friday following insider buying activity. The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 560,410 shares traded hands during trading, an increase of 232% from the average daily 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 business’s stock in a transaction on Friday, December 13th. The stock was bought 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 fifty day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.23. The company has a market cap of C$71.84 million, a PE ratio of -9.50 and a beta of 0.97. The company has a current ratio of 0.15, a quick ratio of 0.70 and a debt-to-equity ratio of 36.04.

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.