Osisko Metals (CVE:OM) Shares Up 5.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their price objective on Osisko Metals from C$2.00 to C$2.25 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$88.62.

Osisko Metals Stock Performance

The company has a debt-to-equity ratio of 36.22, a quick ratio of 0.70 and a current ratio of 1.22. 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’s 50 day moving average is C$0.41 and its 200 day moving average is C$0.41.

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.