Osisko Development (CVE:ODV) Trading Down 3.7% - Here's Why

Osisko Development Corp. (CVE:ODV - Get Free Report)'s stock price dropped 3.7% during mid-day trading on Tuesday . The company traded as low as C$2.06 and last traded at C$2.07. Approximately 72,666 shares changed hands during trading, an increase of 59% from the average daily volume of 45,626 shares. The stock had previously closed at C$2.15.

Osisko Development Trading Down 6.2 %

The company has a quick ratio of 2.81, a current ratio of 0.47 and a debt-to-equity ratio of 1.38. The firm's 50-day simple moving average is C$2.32 and its 200 day simple moving average is C$2.59. The stock has a market capitalization of C$270.43 million, a P/E ratio of -0.81 and a beta of 1.18.

Osisko Development (CVE:ODV - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C($0.40) EPS for the quarter. Osisko Development had a negative net margin of 1,819.53% and a negative return on equity of 37.24%. Equities research analysts anticipate that Osisko Development Corp. will post 0.1150263 EPS 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.