Osisko Development Corp. Short Interest Update: Osisko Development Corp

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Osisko Development Corp($TSXV:ODV) is a Canadian development-stage mining company engaged in the exploration and development of precious metal properties in North America. The company’s principal assets include the Windfall Lake gold deposit located in the Abitibi region of Quebec, Canada, and the Victoria gold deposit located in the James Bay region of Quebec, Canada. Osisko Development Corp has been the subject of several research reports recently.

Market Price

On Wednesday, Osisko Development Corp stock opened at CA$7.5 and closed at CA$7.2, up by 0.6% from the prior closing price of 7.2.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on OSISKO DEVELOPMENT CORP are made simple by VI app. Based on VI Star Chart OSISKO DEVELOPMENT CORP is strong in growth, medium in asset and weak in dividend, profitability. OSISKO DEVELOPMENT CORP has an intermediate health score of 6/10 with regard to its cashflows and debt, is likely to pay off debt and fund future operations. OSISKO DEVELOPMENT CORP is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

Osisko Development is focused on the development and operation of gold mines in North America. The company’s flagship property is the Canadian Malartic Mine, which is located in the Abitibi region of Quebec. Osisko Development also owns several other gold properties in Canada and the United States. Osisko Development has been a volatile stock in recent years, but has shown some potential for investors. Osisko Development is a risky investment, but could be a good option for investors looking for exposure to the gold mining sector.