Osisko Development Corp. (NYSE:ODV - Get Free Report) rose 3.2% during trading on Wednesday . The company traded as high as $1.48 and last traded at $1.47. Approximately 4,296,446 shares were traded during mid-day 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 Stock Down 0.3 %
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.47. The business has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $1.74. The company has a market capitalization of $212.43 million, a price-to-earnings ratio of -0.86 and a beta of 0.72.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new stake in Osisko Development during the 3rd quarter valued at $1,824,000. Jane Street Group LLC purchased a new position in Osisko Development during the third quarter worth approximately $69,000. Sprott Inc. boosted its holdings in Osisko Development by 84.9% in the fourth quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock valued at $2,388,000 after acquiring an additional 673,523 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Osisko Development during the 3rd quarter worth about $34,000. Finally, ORG Wealth Partners LLC purchased a new position in Osisko Development in the fourth quarter valued at approximately $189,000. 15.16% of the stock is currently owned by institutional investors and hedge funds.
About Osisko Development
(
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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