Osisko Development (CVE:ODV) Stock Price Down 0.4% – Here’s Why

Osisko Development Corp. (CVE:ODV)’s stock price was down 0.4% during trading on Tuesday . The company traded as low as C$2.75 and last traded at C$2.84. Approximately 151,107 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 72,382 shares. The stock had previously closed at C$2.85.

Analyst Upgrades and Downgrades

ODV has been the topic of several research analyst reports. BMO Capital Markets decreased their price objective on shares of Osisko Development from C$7.00 to C$6.00 in a research note on Tuesday, April 29th. Royal Bank Of Canada upgraded Osisko Development from a “hold” rating to a “moderate buy” rating and set a C$5.00 price target on the stock in a research report on Monday, June 2nd.

Osisko Development Price Performance

The stock has a fifty day moving average of C$2.62 and a 200-day moving average of C$2.34. The firm has a market capitalization of C$387.89 million, a P/E ratio of -1.16 and a beta of 1.18. The company has a quick ratio of 2.81, a current ratio of 0.47 and a debt-to-equity ratio of 1.38.

About Osisko Development

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.