Osisko Metals (CVE:OM) Hits New 1-Year High - Time to Buy?

Osisko Metals Incorporated (CVE:OM) recently reached a new 52-week high during trading on Friday, with the stock climbing to a peak of C$0.40 before settling at C$0.39. The trading volume for the day was 115,700 shares, while the previous closing price was C$0.38.

Osisko Metals Price Performance

The company's financial metrics include a debt-to-equity ratio of 37.43, a quick ratio of 0.70, and a current ratio of 0.08. Osisko Metals has a market capitalization of C$109.17 million, a price-to-earnings (PE) ratio of -14.06, and a beta of 0.97. In terms of stock performance, the fifty-day moving average is C$0.34, while the 200-day moving average sits at C$0.27.

Insider Buying and Selling at Osisko Metals

There have been notable transactions involving insider buying recently. For instance, Director John Feliks Burzynski purchased 100,000 shares at an average cost of C$0.36 per share, amounting to C$35,500. Additionally, Senior Officer Blair David Zaritsky bought 185,000 shares for an average of C$0.33 each, totaling C$61,050. Over the past quarter, insiders have acquired 1,212,500 shares valued at approximately $378,235, and they collectively hold 29.43% of the company’s stock.

Osisko Metals Company Profile

Osisko Metals Incorporated, along with its subsidiaries, focuses on the exploration and evaluation of base metal properties in Canada. The company has significant interests, including the Pine Point project located on the south shore of Great Slave Lake in the Northwest Territories, and holds 100% of the Gaspé Copper project, which features an undeveloped copper resource near Murdochville in the Gaspé Peninsula of Québec.

Considerations for Investors

Before considering an investment in Osisko Metals, potential investors may wish to evaluate other options. Current analysis indicates that while Osisko Metals has a Hold rating among analysts, there are five other stocks recommended by top-rated analysts that may offer better investment opportunities.

Osisko, Stocks, Investing