Osisko Development (CVE:ODV) Trading Up 3.5% - Time to Buy?

Key Points

• Shares rose 3.5% to C$4.72 Tuesday (intraday high C$4.75) while volume was roughly 46,195 shares, about 79% below the average daily volume.
• Osisko has a market cap of C$1.44 billion and a negative P/E (-4.97), with a beta of 2.27; the stock currently trades below both its 50‑day (C$5.04) and 200‑day (C$4.90) simple moving averages.
• The company acquires, explores and develops mineral properties in Canada, Mexico and the U.S., with the Cariboo Gold Project (≈155,000 hectares, 415 mineral titles in British Columbia) as its flagship asset.

Osisko Development Corp. (CVE:ODV - ) shares were up 3.5% on Tuesday . The company traded as high as C$4.75 and last traded at C$4.72. Approximately 46,195 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 221,720 shares. The stock had previously closed at C$4.56.

Osisko Development Stock Performance

The company has a debt-to-equity ratio of 21.17, a current ratio of 1.45 and a quick ratio of 2.81. The stock's 50 day simple moving average is C$5.04 and its two-hundred day simple moving average is C$4.90. The stock has a market cap of C$1.44 billion, a P/E ratio of -4.97 and a beta of 2.27.

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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