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

Anson Funds Management LP purchased a new position in shares of Osisko Development Corp. (NYSE:ODV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,863,218 shares of the company's stock, valued at approximately $4,667,000. Osisko Development comprises about 0.5% of Anson Funds Management LP's portfolio, making the stock its 26th biggest position. Anson Funds Management LP owned 2.10% of Osisko Development at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Osisko Development in the third quarter valued at $69,000. Virtu Financial LLC bought a new position in shares of Osisko Development in the 3rd quarter valued at about $60,000. ORG Wealth Partners LLC acquired a new stake in shares of Osisko Development in the fourth quarter valued at about $189,000. Sprott Inc. raised its holdings in Osisko Development by 84.9% during the fourth quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock worth $2,388,000 after acquiring an additional 673,523 shares in the last quarter. Finally, Amitell Capital Pte Ltd bought a new stake in Osisko Development during the fourth quarter worth about $944,000. 15.16% of the stock is owned by institutional investors.

Osisko Development Stock Down 2.0 %

ODV stock traded down $0.04 during mid-day trading on Thursday, reaching $1.92. The company had a trading volume of 215,155 shares, compared to its average volume of 253,869. The company has a market capitalization of $262.31 million, a price-to-earnings ratio of -1.06 and a beta of 0.47. Osisko Development Corp. has a 52 week low of $1.16 and a 52 week high of $2.75. The stock has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43.

Osisko Development (NYSE:ODV - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.06) earnings per share for the quarter. Osisko Development had a negative return on equity of 11.51% and a negative net margin of 1,817.64%. As a group, equities analysts predict that Osisko Development Corp. will post -0.16 earnings per share for the current fiscal year.

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.