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

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

Analysts Set New Price Targets

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

Osisko Metals Stock Performance

The business has a 50 day moving average of C$0.42 and a 200-day moving average of C$0.39. The company 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 debt-to-equity ratio of 37.43, a quick ratio of 0.70 and a current ratio of 0.08.

Insider Activity at Osisko Metals

In other news, Director John Feliks Burzynski bought 100,000 shares of Osisko Metals stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of C$0.44 per share, with a total value of C$44,000.00. Over the last 90 days, insiders bought 369,100 shares of company stock valued at $163,437. Corporate insiders own 29.43% of the company’s stock.

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.