Osisko Development Corp. (NYSE:ODV) Shares Sold by Raffles Associates LP

Raffles Associates LP cut its position in shares of Osisko Development Corp. (NYSE:ODV) by 39.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 147,656 shares of the company’s stock after selling 95,282 shares during the quarter. Raffles Associates LP owned 0.17% of Osisko Development worth $275,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Osisko Development in the 1st quarter valued at about $48,000. Equinox Partners Investment Management LLC increased its stake in shares of Osisko Development by 9.1% in the first quarter. Equinox Partners Investment Management LLC now owns 1,606,335 shares of the company’s stock worth $3,429,000 after purchasing an additional 134,400 shares during the period. Rathbones Group PLC acquired a new stake in shares of Osisko Development in the second quarter worth $34,000. Finally, Elevatus Welath Management raised its position in shares of Osisko Development by 1,575.0% during the first quarter. Elevatus Welath Management now owns 572,533 shares of the company’s stock valued at $1,219,000 after buying an additional 538,351 shares during the last quarter. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Trading Down 0.9 %

Shares of Osisko Development stock opened at $2.15 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.64 and a quick ratio of 0.57. The company’s fifty day moving average price is $2.07 and its two-hundred day moving average price is $2.12. The firm has a market capitalization of $183.56 million, a PE ratio of -1.48 and a beta of 0.63. Osisko Development Corp. has a 52-week low of $1.70 and a 52-week high of $3.65.

Osisko Development (NYSE:ODV) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $1.92 million during the quarter. Osisko Development had a negative net margin of 831.24% and a negative return on equity of 6.20%. On average, analysts expect that Osisko Development Corp. will post -0.32 EPS for the current year.

Osisko Development 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.