Insider Selling: Omai Gold Mines (CVE:OMG) Insider Sells 54,600 Shares of Stock

Omai Gold Mines Corp. (CVE:OMG) insider Jason Allen Ross Brewster sold 54,600 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$2.73, for a total value of C$149,058.00. Following the completion of the transaction, the insider directly owned 636,815 shares in the company, valued at approximately C$1,738,504.95. This represents a 7.90% decrease in their position.

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

• On Tuesday, September 8th, Jason Allen Ross Brewster sold 45,400 shares of Omai Gold Mines stock. The stock was sold at an average price of C$2.67, for a total value of C$121,218.00.

Omai Gold Mines Price Performance

OMG stock traded up C$0.14 during mid-day trading on Friday, hitting C$2.80. 1,517,670 shares of the stock were exchanged, compared to its average volume of 1,449,369. The business has a fifty day moving average price of C$2.65 and a 200 day moving average price of C$2.34. Omai Gold Mines Corp. has a 12 month low of C$0.94 and a 12 month high of C$3.16. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of -93.33 and a beta of 3.83.

Analyst Ratings Changes

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

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