Osisko Development (CVE:ODV) Shares Down 4%

Shares of Osisko Development Corp. (CVE:ODV) were down 4% during mid-day trading on Monday . The company traded as low as C$3.13 and last traded at C$3.14. Approximately 11,495 shares traded hands during trading, a decline of 65% from the average daily volume of 33,038 shares. The stock had previously closed at C$3.27.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut their price objective on shares of Osisko Development from C$10.00 to C$7.00 in a research report on Monday, March 25th.

Osisko Development Stock Performance

The firm has a market cap of C$265.50 million, a PE ratio of -2.10 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 2.81 and a debt-to-equity ratio of 2.70. The firm’s 50 day simple moving average is C$3.04 and its 200 day simple moving average is C$3.60.

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.