Osisko Metals Inc (OTCMKTS:OMZNF) (TSX:OM) Stock Continues to Trade in a Range

Although the Osisko Metals Inc (OTCMKTS:OMZNF) (TSX:OM) stock was trading within a range yesterday, it is still necessary for investors to keep in mind that the company was actually in the news yesterday and one could do well to take a look into the details.

Market Stats

On Tuesday, OMZNF stock fell 0.10% to $0.2919 with more than 10k shares, compared to its average volume of 4.6k shares. The stock has moved within a range of $0.2919 – 0.2919 after opening trading at $0.2919.  

Osisko Metals Intersects 4.80 Metres Grading 19.60% Zinc + Lead at Pine Point

The company came into focus yesterday after it made an announcement with regards to further results from the in-fill programme at the Pine Point Project that is currently ongoing. The project in question is situated in NWT in Canada. The results that were reported by Osisko Metals are from the N39 deposit which is located in the East Mill Zone.

In this situation, it may be a good time to take a look at some of the highlights from the findings which were published by the company. One of the drill holes managed to intersect as much as 4.80 metres with 19.60% Zn+Pb.

The findings will give investors a fair idea about how the work is progressing for Osisko Metals. However, at the same time, it should be noted that investors are possibly awaiting further information before they decided to move in on the stock one way or another.

Traders Corner

OMZNF stock is trading below the 50-Day and 100-Day Moving averages of $0.2956 and $0.3020 respectively. The stock is trading in neutral zone with the RSI at 45.