Osisko Development (CVE:ODV) Stock Price Up 0.8%

Osisko Development Corp. (CVE:ODV)’s share price rose 0.8% during mid-day trading on Thursday . The company traded as high as C$3.99 and last traded at C$3.88. Approximately 13,500 shares changed hands during trading, a decline of 67% from the average daily volume of 40,357 shares. The stock had previously closed at C$3.85.

Analyst Ratings Changes

ODV has been the subject of a number of recent analyst reports. Pi Financial dropped their target price on shares of Osisko Development from C$11.00 to C$8.50 and set a “buy” rating for the company in a research report on Thursday, October 26th. Royal Bank of Canada cut shares of Osisko Development from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$7.00 to C$6.00 in a research report on Tuesday, September 12th. Finally, National Bank Financial decreased their price objective on shares of Osisko Development to C$10.25 in a report on Friday, July 21st.

Osisko Development Price Performance

The company has a quick ratio of 2.81, a current ratio of 1.66 and a debt-to-equity ratio of 2.70. The business’s 50 day moving average is C$4.19 and its 200-day moving average is C$5.25. The firm has a market capitalization of C$326.00 million, a P/E ratio of -2.73 and a beta of 1.35.

About Osisko Development

Osisko Development Corp., a gold development company, engages in the acquisition, exploration, and development of precious metals resource properties in North America. The company's flagship asset is the Cariboo Gold Project covering an area of 155,089 hectares consisting of 415 mineral titles located in British Columbia, Canada.