Osisko Metals (CVE:OM) Trading 5.8% Higher Following Insider Buying Activity

Osisko Metals Incorporated (CVE:OM) was up 5.8% on Friday following insider buying activity. The company traded as high as C$0.28 and last traded at C$0.28. Approximately 560,410 shares changed hands during mid-day 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 purchased 300,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of C$0.28 per share, for a total transaction of C$84,090.00.

Osisko Metals Trading Up 7.7 %

The firm 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 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.23. 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.