Osisko Development (CVE:ODV) Stock Price Down 7.4% – What’s Next?

Osisko Development Corp. (CVE:ODV)’s share price was down 7.4% on Friday . The company traded as low as C$2.36 and last traded at C$2.37. Approximately 76,105 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 41,525 shares. The stock had previously closed at C$2.56.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price objective on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Osisko Development Stock Performance

The company has a quick ratio of 2.81, a current ratio of 0.64 and a debt-to-equity ratio of 8.45. The firm has a 50-day moving average of C$2.55 and a 200 day moving average of C$2.73. The stock has a market capitalization of C$234.30 million, a P/E ratio of -1.08 and a beta of 1.18.

Osisko Development Company Profile

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.