Amitell Capital Pte Ltd Makes New $944,000 Investment in Osisko Development Corp. (NYSE:ODV)

Amitell Capital Pte Ltd bought a new stake in Osisko Development Corp. (NYSE:ODV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 579,043 shares of the company’s stock, valued at approximately $944,000. Osisko Development accounts for about 0.8% of Amitell Capital Pte Ltd’s holdings, making the stock its 25th biggest holding. Amitell Capital Pte Ltd owned about 0.42% of Osisko Development at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sprott Inc. increased its stake 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. The Manufacturers Life Insurance Company bought a new position in shares of Osisko Development in the 3rd quarter valued at $1,824,000. ORG Wealth Partners LLC bought a new position in shares of Osisko Development in the 4th quarter valued at $189,000. Jane Street Group LLC acquired a new position in shares of Osisko Development during the 3rd quarter worth $69,000. Finally, Virtu Financial LLC bought a new stake in shares of Osisko Development during the 3rd quarter worth $60,000. Institutional investors own 15.16% of the company’s stock.

Osisko Development Stock Performance

NYSE:ODV opened at $1.43 on Tuesday. The stock’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.70. The firm has a market capitalization of $194.68 million, a PE ratio of -0.79 and a beta of 0.52. Osisko Development Corp. has a twelve month low of $1.16 and a twelve month high of $2.75. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.01.

Osisko Development (NYSE:ODV) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Osisko Development had a negative return on equity of 11.51% and a negative net margin of 1,817.64%. The company had revenue of $0.40 million for the quarter, compared to analyst estimates of $0.40 million. On average, analysts anticipate that Osisko Development Corp. will post -0.16 EPS for the current fiscal year.

Osisko Development 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.