Raffles Associates LP Has $202,000 Holdings in Osisko Development Corp. (NYSE:ODV)

Raffles Associates LP trimmed its holdings in Osisko Development Corp. (NYSE:ODV) by 35.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,613 shares of the company’s stock after selling 53,043 shares during the period. Raffles Associates LP owned 0.10% of Osisko Development worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ODV. Virtu Financial LLC acquired a new position in Osisko Development in the 1st quarter valued at $48,000. Bayshore Asset Management LLC bought a new position in shares of Osisko Development in the third quarter worth $82,000. Rathbones Group PLC acquired a new position in Osisko Development in the second quarter valued at about $34,000. The Manufacturers Life Insurance Company bought a new stake in Osisko Development during the third quarter worth about $1,824,000. Finally, Townsquare Capital LLC acquired a new stake in Osisko Development during the third quarter worth about $34,000. 15.16% of the stock is currently owned by institutional investors.

Osisko Development Price Performance

ODV stock opened at $1.81 on Friday. The company’s 50-day moving average price is $1.96 and its two-hundred day moving average price is $2.03. The firm has a market cap of $247.21 million, a P/E ratio of -1.00 and a beta of 0.67. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.01. Osisko Development Corp. has a 12 month low of $1.34 and a 12 month high of $3.19.

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.