Osisko Mining (TSE:OSK) Trading Up 62.9%

Osisko Mining Inc. (TSE:OSK) shares were up 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 trading, an increase of 387% from the average daily volume of 876,161 shares. The stock had previously closed at C$2.94.

Analyst Ratings Changes

A number of brokerages have weighed in on OSK. Raymond James boosted their price target on Osisko Mining from C$3.50 to C$3.75 in a research report on Tuesday, April 23rd. CIBC boosted their price target on Osisko Mining from C$4.50 to C$4.75 in a research note on Wednesday, July 10th.

Osisko Mining Stock Performance

The firm has a fifty day simple moving average of C$3.08 and a 200-day simple moving average of C$2.92. The company has a current ratio of 42.83, a quick ratio of 5.83 and a debt-to-equity ratio of 13.11. The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of 7.98 and a beta of 1.30.

Insider Buying and Selling at Osisko Mining

In other Osisko Mining news, Senior Officer Alexandria Marcotte sold 50,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$3.16, for a total transaction of C$158,000.00. Corporate insiders own 15.17% of the company’s stock.

Osisko Mining Company Profile

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.