Sprott Inc. grew its holdings in Osisko Development Corp. (NYSE:ODV - Free Report) by 84.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466,468 shares of the company's stock after acquiring an additional 673,523 shares during the quarter. Sprott Inc. owned 1.07% of Osisko Development worth $2,388,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Townsquare Capital LLC bought a new position in shares of Osisko Development during the third quarter worth about $34,000. Virtu Financial LLC bought a new position in shares of Osisko Development during the third quarter worth about $60,000. Jane Street Group LLC bought a new position in shares of Osisko Development during the third quarter worth about $69,000. ORG Wealth Partners LLC bought a new position in shares of Osisko Development during the fourth quarter worth about $189,000. Finally, The Manufacturers Life Insurance Company bought a new position in Osisko Development in the third quarter valued at approximately $1,824,000. 15.16% of the stock is currently owned by institutional investors.
Osisko Development Stock Up 2.4 %
ODV stock traded up $0.03 during mid-day trading on Friday, reaching $1.29. The company had a trading volume of 199,776 shares, compared to its average volume of 171,797. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43. The stock has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.83. The company has a market capitalization of $176.22 million, a price-to-earnings ratio of -0.71 and a beta of 0.68. Osisko Development Corp. has a 52 week low of $1.16 and a 52 week high of $2.75.
Osisko Development Profile
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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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