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Osisko Development (CVE:ODV) Shares Up 5.2% - Should You Buy?

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Shares of Osisko Development Corp. (CVE:ODV - Get Free Report) traded up 5.2% during mid-day trading on Wednesday . The company traded as high as C$2.12 and last traded at C$2.12. 96,707 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 62,410 shares. The stock had previously closed at C$2.01.

Osisko Development Price Performance

The business has a 50 day moving average price of C$2.09 and a two-hundred day moving average price of C$2.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.81 and a current ratio of 0.47. The stock has a market cap of C$303.21 million, a PE ratio of -0.91 and a beta of 1.18.

Osisko Development Company Profile

(Get Free Report)

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.

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