Osisko Metals (CVE:OM) Trading 5.1% Higher – Here’s What Happened

Osisko Metals Incorporated (CVE:OM) shot up 5.1% during trading on Monday . The stock traded as high as C$0.43 and last traded at C$0.42. 396,648 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 598,992 shares. The stock had previously closed at C$0.40.

Analyst Ratings Changes

Separately, National Bankshares set a C$1.25 target price on shares of Osisko Metals and gave the company an “outperform” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Osisko Metals has a consensus rating of “Buy” and an average price target of C$1.13.

Osisko Metals Stock Performance

The stock’s fifty day simple moving average is C$0.41 and its 200-day simple moving average is C$0.42. The company has a market capitalization of C$116.17 million, a PE 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.

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. It also holds interests in the Mount Copper expansion project hosts the undeveloped copper resource in Eastern North America.