Sprott Inc. Has $2.39 Million Position in Osisko Development Corp. (NYSE:ODV)

Sprott Inc. boosted its position in Osisko Development Corp. (NYSE:ODV) by 84.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,466,468 shares of the company’s stock after buying an additional 673,523 shares during the quarter. Sprott Inc. owned approximately 1.07% of Osisko Development worth $2,388,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ODV. Townsquare Capital LLC acquired a new stake in shares of Osisko Development in the third quarter valued at approximately $34,000. Virtu Financial LLC bought a new position in Osisko Development in the third quarter valued at $60,000. Jane Street Group LLC bought a new position in Osisko Development in the third quarter valued at $69,000. ORG Wealth Partners LLC acquired a new stake in Osisko Development in the 4th quarter valued at $189,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Osisko Development during the 3rd quarter worth about $1,824,000. Institutional investors own 15.16% of the company’s stock.

Osisko Development Trading Down 3.2 %

Osisko Development stock opened at $1.36 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43. The firm has a 50-day moving average of $1.57 and a 200-day moving average of $1.84. The company has a market cap of $185.10 million, a price-to-earnings ratio of -0.75 and a beta of 0.68. Osisko Development Corp. has a one year low of $1.33 and a one year high of $2.75.

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.