Osisko Development (CVE:ODV) Stock Price Down 0.4% - Time to Sell?

Shares of Osisko Development Corp. (CVE:ODV - Get Free Report) dropped 0.4% during trading on Tuesday . The stock traded as low as C$2.75 and last traded at C$2.84. Approximately 151,107 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 72,382 shares. The stock had previously closed at C$2.85.

Analyst Ratings Changes

ODV has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Osisko Development from C$7.00 to C$6.00 in a research note on Tuesday, April 29th. Royal Bank Of Canada upgraded Osisko Development from a "hold" rating to a "moderate buy" rating and set a C$5.00 target price on the stock in a report on Monday, June 2nd.

Osisko Development Stock Down 4.0%

The stock has a market cap of C$393.35 million, a price-to-earnings ratio of -1.18 and a beta of 1.18. The company has a current ratio of 0.47, a quick ratio of 2.81 and a debt-to-equity ratio of 1.38. The firm's 50 day moving average is C$2.66 and its two-hundred day moving average is C$2.35.

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.