Osisko Development Corp. (CVE:ODV – Get Free Report)’s share price was down 13.8% during mid-day trading on Thursday . The company traded as low as C$3.25 and last traded at C$3.45. Approximately 371,887 shares were traded during trading, an increase of 94% from the average daily volume of 191,567 shares. The stock had previously closed at C$4.00.
Osisko Development Stock Down 10.3%
The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of -7.33 and a beta of 2.26. The company has a debt-to-equity ratio of 15.89, a quick ratio of 2.81 and a current ratio of 2.37. The business’s 50-day moving average is C$4.53 and its 200-day moving average is C$4.85.
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. It also holds a portfolio of marketable securities. Osisko Development Corp. is based in Montréal, Canada.
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