The Manufacturers Life Insurance Company Invests $1.82 Million in Osisko Development Corp. (NYSE:ODV)

The Manufacturers Life Insurance Company bought a new stake in shares of Osisko Development Corp. (NYSE:ODV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 849,916 shares of the company’s stock, valued at approximately $1,824,000. The Manufacturers Life Insurance Company owned about 0.86% of Osisko Development at the end of the most recent reporting period.

Separately, Bayshore Asset Management LLC acquired a new stake in shares of Osisko Development during the third quarter worth $82,000. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Trading Up 1.1 %

Shares of ODV opened at $1.87 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 0.01. Osisko Development Corp. has a 1-year low of $1.34 and a 1-year high of $3.19. The stock has a market capitalization of $255.40 million, a P/E ratio of -1.02 and a beta of 0.66. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $2.02.

Osisko Development 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.