Osisko Development (CVE:ODV) Stock Price Up 1.9% – Here’s What Happened

Osisko Development Corp. (CVE:ODV)’s stock price was up 1.9% during trading on Wednesday . The stock traded as high as C$4.92 and last traded at C$4.89. Approximately 37,652 shares changed hands during trading, a decline of 64% from the average daily volume of 103,443 shares. The stock had previously closed at C$4.80.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their price objective on shares of Osisko Development from C$5.00 to C$6.00 in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of C$6.00.

Osisko Development Stock Up 1.9%

The company has a market cap of C$1.25 billion, a PE ratio of -3.02 and a beta of 1.97. The company’s 50 day moving average is C$4.66 and its 200 day moving average is C$3.79. The company has a current ratio of 0.47, a quick ratio of 2.81 and a debt-to-equity ratio of 1.38.

About Osisko Development

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.