Raffles Associates LP Sells 53,043 Shares of Osisko Development Corp. (NYSE:ODV)

Raffles Associates LP lessened its holdings in Osisko Development Corp. (NYSE:ODV) by 35.9% during the third quarter, HoldingsChannel.com reports. The fund owned 94,613 shares of the company’s stock after selling 53,043 shares during the period. Raffles Associates LP’s holdings in Osisko Development were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new stake in shares of Osisko Development in the 3rd quarter valued at approximately $1,824,000. Bayshore Asset Management LLC acquired a new position in Osisko Development during the 3rd quarter worth approximately $82,000. Virtu Financial LLC bought a new position in Osisko Development in the 1st quarter valued at approximately $48,000. Rathbones Group PLC acquired a new stake in Osisko Development in the second quarter valued at approximately $34,000. Finally, Townsquare Capital LLC bought a new stake in shares of Osisko Development during the third quarter worth $34,000. Institutional investors and hedge funds own 15.16% of the company’s stock.

Osisko Development Stock Down 2.2 %

Shares of NYSE:ODV opened at $1.81 on Friday. Osisko Development Corp. has a 52-week low of $1.34 and a 52-week high of $3.19. The company has a market capitalization of $247.21 million, a PE ratio of -1.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.47. The company has a fifty day moving average of $1.96 and a 200-day moving average of $2.03.

Osisko Development Company 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.