Osisko Metals (CVE:OM) Stock Price Down 12% – Time to Sell?

Osisko Metals Incorporated (CVE:OM)’s stock price fell 12% on Monday . The stock traded as low as C$0.41 and last traded at C$0.41. 131,450 shares changed hands during trading, a decline of 79% from the average session volume of 615,354 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

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

Osisko Metals Price Performance

The firm has a market capitalization of C$116.17 million, a P/E ratio of -14.97 and a beta of 0.97. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. The business’s 50 day moving average is C$0.42 and its 200-day moving average is C$0.39.

Insider Activity at Osisko Metals

In other news, Director John Feliks Burzynski bought 100,000 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of C$0.44 per share, with a total value of C$44,000.00. In the last three months, insiders have purchased 369,100 shares of company stock valued at $163,437. 29.43% of the stock is owned by insiders.

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.