Osisko Development (CVE:ODV) Stock Price Up 0.4% – Time to Buy?

Osisko Development Corp. (CVE:ODV) shares shot up 0.4% during trading on Friday . The company traded as high as C$2.65 and last traded at C$2.61. 4,000 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 41,718 shares. The stock had previously closed at C$2.60.

Analysts Set New Price Targets

ODV has been the subject of several recent research reports. Ventum Financial reduced their price target on Osisko Development from C$7.50 to C$4.50 in a research report on Thursday, August 29th. Royal Bank of Canada cut 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 report on Tuesday, September 10th.

Osisko Development Stock Up 0.4 %

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 business has a 50-day simple moving average of C$2.65 and a 200-day simple moving average of C$2.76. The company has a market cap of C$258.02 million, a PE ratio of -1.19 and a beta of 1.18.

About Osisko Development

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.