Osisko Development (CVE:ODV) Stock Price Up 6.7% – Here’s What Happened

Osisko Development Corp. (CVE:ODVGet Free Report)’s share price was up 6.7% during mid-day trading on Tuesday . The stock traded as high as C$5.61 and last traded at C$5.59. Approximately 117,885 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 225,428 shares. The stock had previously closed at C$5.24.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upped their price target on shares of Osisko Development from C$7.00 to C$9.00 in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of C$7.50.

Check Out Our Latest Stock Report on Osisko Development

Osisko Development Trading Up 5.6%

The company has a debt-to-equity ratio of 1.38, a current ratio of 0.47 and a quick ratio of 2.81. The stock’s 50 day moving average is C$5.04 and its 200-day moving average is C$4.65. The company has a market capitalization of C$1.87 billion, a P/E ratio of -3.87 and a beta of 1.52.

Osisko Development Company Profile

(Get 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. It also holds a portfolio of marketable securities. Osisko Development Corp. is based in Montréal, Canada.

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