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

Osisko Metals Incorporated (CVE:OM) traded up 5.1% on Wednesday . The stock traded as high as C$0.43 and last traded at C$0.41. 396,648 shares were traded during trading, a decline of 34% from the average session volume of 598,992 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

Separately, National Bank Financial increased their price objective on Osisko Metals from C$1.50 to C$2.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Osisko Metals has an average rating of “Buy” and an average target price of C$88.50.

Osisko Metals Stock Up 5.1%

The stock’s 50 day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.41. The firm has a market cap 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 36.22, a current ratio of 1.22 and a quick ratio of 0.70.

Osisko Metals Company Profile

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.