Osisko Development (CVE:ODV) Trading 6.7% Higher – Here’s Why

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

Analyst Ratings Changes

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

Osisko Development Price Performance

The company’s 50-day simple moving average is C$5.01 and its 200 day simple moving average is C$4.62. The company has a market capitalization of C$1.75 billion, a P/E ratio of -3.62 and a beta of 1.52. The company has a quick ratio of 2.81, a current ratio of 0.47 and a debt-to-equity ratio of 1.38.

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