Omai Gold Mines (CVE:OMG) Insider Jason Allen Ross Brewster Sells 54,600 Shares of Stock

Omai Gold Mines Corp. (CVE:OMG) insider Jason Allen Ross Brewster sold 54,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$2.73, for a total transaction of C$149,058.00. Following the transaction, the insider owned 636,815 shares of the company’s stock, valued at C$1,738,504.95. This trade 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 shares were sold at an average price of C$2.67, for a total value of C$121,218.00.

Omai Gold Mines Price Performance

Shares of Omai Gold Mines stock opened at C$2.80 on Monday. Omai Gold Mines Corp. has a 52 week low of C$0.94 and a 52 week high of C$3.16. The firm’s 50 day moving average is C$2.65 and its two-hundred day moving average is C$2.35. The firm has a market capitalization of C$1.89 billion, a P/E ratio of -93.33 and a beta of 3.83.

Wall Street Analyst Weigh In

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

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