Osisko Development (NYSE:ODV) Trading Up 3.2% – Should You Buy?

Osisko Development Corp. (NYSE:ODV)’s stock price was up 3.2% on Wednesday . The company traded as high as $1.48 and last traded at $1.47. Approximately 4,296,446 shares were traded during trading, an increase of 2,048% from the average daily volume of 200,014 shares. The stock had previously closed at $1.42.

Osisko Development Price Performance

The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.01. The stock has a market cap of $200.13 million, a P/E ratio of -0.81 and a beta of 0.72. The business’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.75.

Hedge Funds Weigh In On Osisko Development

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in shares of Osisko Development in the third quarter worth about $1,824,000. Townsquare Capital LLC purchased a new stake in shares of Osisko Development in the third quarter worth about $34,000. Jane Street Group LLC purchased a new stake in shares of Osisko Development in the third quarter worth about $69,000. Virtu Financial LLC purchased a new stake in shares of Osisko Development in the third quarter worth about $60,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Osisko Development in the fourth quarter worth about $189,000. Institutional investors own 15.16% of the company’s stock.

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.