Osisko Development (CVE:ODV) Stock Price Up 1.9% – Here’s What Happened

Shares of Osisko Development Corp. (CVE:ODV) traded up 1.9% during mid-day trading on Wednesday . The stock traded as high as C$4.92 and last traded at C$4.89. 37,652 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 103,443 shares. The stock had previously closed at C$4.80.

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their target price on Osisko Development from C$5.00 to C$6.00 in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Osisko Development currently has a consensus rating of “Strong Buy” and an average target price of C$6.00.

Osisko Development Price Performance

The firm’s 50-day moving average price is C$4.66 and its 200-day moving average price is C$3.79. The company has a current ratio of 0.47, a quick ratio of 2.81 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of C$1.25 billion, a PE ratio of -3.02 and a beta of 1.97.

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.