Osisko Mining Corp (TSE:OSK)’s share price rose 4% during trading on Thursday . The company traded as high as C$4.65 and last traded at C$4.65. Approximately 256,143 shares were traded during trading, a decline of 70% from the average daily volume of 865,608 shares. The stock had previously closed at C$4.47.
Separately, TD Securities lowered Osisko Mining Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$7.93.
The stock’s 50-day moving average is $4.66 and its 200 day moving average is $4.61. The firm’s market cap is $858.11 million.
In related news, insider Jose Vizquerra sold 61,200 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of C$4.24, for a total value of C$259,488.00. Also, Director John Feliks Burzynski acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average price of C$4.60 per share, for a total transaction of C$36,800.00. In the last quarter, insiders purchased 415,325 shares of company stock worth $1,696,198 and sold 155,136 shares worth $696,668.
Osisko Mining Corp Company Profile
Osisko Mining Corp, formerly Oban Mining Corp, is a mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. The Company focuses on Windfall Lake gold deposit located between Val-d Or and Chibougamau in Quebec, it holds interest in the claims surrounding the Urban Barry area, which covers approximately 82,400 hectares, and it also holds interest in the Marban project located in the Quebec’s prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property.
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