The Manufacturers Life Insurance Company acquired a new position in Osisko Development Corp. (NYSE:ODV - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 849,916 shares of the company's stock, valued at approximately $1,824,000. The Manufacturers Life Insurance Company owned approximately 0.86% of Osisko Development at the end of the most recent quarter.
Separately, Bayshore Asset Management LLC purchased a new stake in shares of Osisko Development in the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 15.16% of the company's stock.
Osisko Development Stock Down 2.7 %
NYSE:ODV traded down $0.05 on Tuesday, reaching $1.82. 298,363 shares of the stock traded hands, compared to its average volume of 155,875. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $248.58 million, a price-to-earnings ratio of -1.03 and a beta of 0.66. Osisko Development Corp. has a 12 month low of $1.34 and a 12 month high of $3.19. The company's fifty day simple moving average is $1.91 and its 200 day simple moving average is $2.02.
Osisko Development Company 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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