Osisko Development (CVE:ODV) Reaches New 52-Week Low at $2.53

Osisko Development Corp. (CVE:ODV)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$2.53 and last traded at C$2.55, with a volume of 69620 shares changing hands. The stock had previously closed at C$2.65.

Analyst Ratings Changes

Separately, BMO Capital Markets dropped their target price on shares of Osisko Development from C$10.00 to C$7.00 in a research report on Monday, March 25th.

Osisko Development Stock 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 firm has a 50-day simple moving average of C$3.01 and a 200 day simple moving average of C$3.47. The company has a market cap of C$214.25 million, a price-to-earnings ratio of -1.80 and a beta of 1.09.

Osisko Development (CVE:ODV) last announced its earnings results on Thursday, March 28th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$6.91 million for the quarter. Osisko Development had a negative net margin of 247.30% and a negative return on equity of 14.28%. On average, sell-side analysts predict that Osisko Development Corp. will post 0.1899563 earnings per share for the current fiscal year.

Osisko Development Company Profile

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.