Omai Gold Mines (CVE:OMG) Insider Sells C$121,218.00 in Stock

Omai Gold Mines Corp. (CVE:OMG) insider Jason Allen Ross Brewster sold 45,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$2.67, for a total transaction of C$121,218.00. Following the sale, the insider owned 691,415 shares of the company’s stock, valued at approximately C$1,846,078.05. The trade was a 6.16% decrease in their position.

Jason Allen Ross Brewster also recently made the following trade(s):

• On Wednesday, September 9th, Jason Allen Ross Brewster sold 54,600 shares of Omai Gold Mines stock. The shares were sold at an average price of C$2.73, for a total value of C$149,058.00.

Omai Gold Mines Trading Down 3.0%

Omai Gold Mines stock opened at C$2.58 on Wednesday. The business’s 50 day simple moving average is C$2.65 and its 200 day simple moving average is C$2.35. Omai Gold Mines Corp. has a 12 month low of C$0.94 and a 12 month high of C$3.16. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of -86.00 and a beta of 3.83.

Analyst Ratings Changes

A number of brokerages have recently commented on OMG. Canadian Imperial Bank of Commerce set a C$4.50 price target on Omai Gold Mines and gave the company an “outperformer” rating in a research report on Monday, June 29th. Stifel Nicolaus boosted their price objective on Omai Gold Mines from C$3.50 to C$4.25 in a research note on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$3.92.

Omai Gold Mines Corp. is a materials company in the Gold industry.