Anson Funds Management LP Invests $4.67 Million in Osisko Development Corp. (NYSE:ODV)

Anson Funds Management LP bought a new stake in Osisko Development Corp. (NYSE:ODV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,863,218 shares of the company's stock, valued at approximately $4,667,000. Osisko Development makes up about 0.5% of Anson Funds Management LP's investment portfolio, making the stock its 26th biggest holding. Anson Funds Management LP owned 2.10% of Osisko Development at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Osisko Development in the 3rd quarter worth about $69,000. Virtu Financial LLC purchased a new position in Osisko Development in the third quarter worth about $60,000. ORG Wealth Partners LLC purchased a new stake in Osisko Development during the fourth quarter valued at approximately $189,000. Sprott Inc. lifted its stake in shares of Osisko Development by 84.9% in the 4th quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock valued at $2,388,000 after purchasing an additional 673,523 shares during the last quarter. Finally, Amitell Capital Pte Ltd purchased a new position in shares of Osisko Development in the 4th quarter worth approximately $944,000. Institutional investors own 15.16% of the company's stock.

Osisko Development Trading Up 0.9 %

ODV opened at $1.63 on Friday. Osisko Development Corp. has a one year low of $1.16 and a one year high of $2.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.47. The stock has a market cap of $221.99 million, a price-to-earnings ratio of -0.90 and a beta of 0.52. The stock's 50 day moving average price is $1.50 and its 200-day moving average price is $1.63.

Osisko Development (NYSE:ODV - Get Free Report) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. The company had revenue of $0.40 million during the quarter, compared to analysts' expectations of $0.40 million. On average, equities analysts forecast that Osisko Development Corp. will post -0.16 EPS for the current year.

Osisko Development 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.

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