Osisko Development (CVE:ODV) Hits New 12-Month Low – Here’s What Happened

Shares of Osisko Development Corp. (CVE:ODV) hit a new 52-week low during trading on Thursday . The stock traded as low as C$2.07 and last traded at C$2.10, with a volume of 37637 shares changing hands. The stock had previously closed at C$2.12.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ODV. Ventum Financial lowered their price target on shares of Osisko Development from C$7.50 to C$4.50 in a report on Thursday, August 29th. Royal Bank of Canada lowered their target price on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Osisko Development Trading Down 5.5 %

The company has a market cap of C$187.83 million, a P/E ratio of -0.87 and a beta of 1.18. The firm has a 50-day moving average of C$2.80 and a 200 day moving average of C$2.81. The company has a current ratio of 0.64, a quick ratio of 2.81 and a debt-to-equity ratio of 8.45.

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.