Osisko Development Lists Warrants on TSX Venture Exchange

The latest update is out from Osisko Development ( (TSE:ODV) ).

Osisko Development Corp. announced the supplemental listing of its common share purchase warrants on the TSX Venture Exchange, effective April 17, 2025, under the symbol ‘ODV.WT.V’. This move involves listing 51,109,776 warrants, issued through private placements in late 2024, which allow holders to purchase common shares at $3.00 each until October 2029. The company also plans to list these warrants on the NYSE, pending regulatory approvals. This strategic financial maneuver is expected to enhance liquidity and market presence, potentially benefiting stakeholders by providing more trading opportunities and aligning with the company’s growth objectives.

Spark’s Take on TSE:ODV Stock

According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.

Osisko Development’s overall stock score is impacted by its financial struggles, including declining revenues and profitability issues. The technical analysis suggests potential bearish momentum, and valuation remains a concern due to the negative P/E ratio. However, notable progress in the Cariboo Gold Project provides some positive outlook.

To see Spark’s full report on TSE:ODV stock, click here.

More about Osisko Development

Osisko Development Corp. is a North American gold development company focused on revitalizing past-producing mining camps in mining-friendly jurisdictions with district scale potential. The company aims to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in British Columbia, Canada, and is supported by additional projects in Utah, USA, and Sonora, Mexico. Their strategy emphasizes developing long-life, socially and environmentally responsible mining assets while minimizing development risk.

YTD Price Performance: -1.85%

Average Trading Volume: 345,593

Technical Sentiment Signal: Buy

Current Market Cap: $218.8M

See more insights into ODV stock on TipRanks’ Stock Analysis page.