Shares of Osisko Development Corp. (OTCMKTS:RNGTF – Get Free Report) dropped 7.5% on Thursday . The stock traded as low as $3.67 and last traded at $3.70. Approximately 2,885,277 shares traded hands during mid-day trading, an increase of 6,573% from the average daily volume of 43,235 shares. The stock had previously closed at $4.00.
Osisko Development Trading Down 7.2%
The stock’s fifty day moving average is $3.82 and its two-hundred day moving average is $3.51.
Osisko Development Company Profile
Osisko Development Corp is a Canadian mineral exploration and development company focused on acquiring and advancing gold projects in stable jurisdictions across Canada.
The company was originally incorporated as Virginia Mines Inc and, following a portfolio reorganization of Osisko Gold Royalties’ development assets, adopted the Osisko Development name in early 2020. Its flagship asset is the Cariboo District Gold Project in central British Columbia, a land package exceeding 1,030 square kilometres that hosts multiple deposits and exploration targets along prolific gold-bearing structures.
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