Osisko Development (CVE:ODV) Stock Price Up 6.9% - Still a Buy?

Key Points

• Shares jumped 6.9% intraday to C$4.29 (high C$4.31) from a prior close of C$4.01.
• Trading volume was about 127,664 shares, down ~38% from the average of 205,413, and the stock remains below its 50‑ and 200‑day moving averages (~C$4.89 and C$4.87), tempering the strength of the rally.
• Osisko Development has a market cap of C$1.31 billion, a negative P/E (-4.51) indicating it is loss-making, and holds the large Cariboo Gold Project (~155,000 hectares) as its flagship asset.

Osisko Development Corp. (CVE:ODV - )'s share price rose 6.9% during mid-day trading on Tuesday . The stock traded as high as C$4.31 and last traded at C$4.29. Approximately 127,664 shares were traded during trading, a decline of 38% from the average daily volume of 205,413 shares. The stock had previously closed at C$4.01.

Osisko Development Stock Up 6.9%

The firm's fifty day moving average is C$4.89 and its 200-day moving average is C$4.87. The company has a debt-to-equity ratio of 21.17, a quick ratio of 2.81 and a current ratio of 1.45. The company has a market capitalization of C$1.31 billion, a P/E ratio of -4.51 and a beta of 2.26.

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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