Omai Gold Mines (CVE:OMG) Insider Acquires C$199,500.00 in Stock

Omai Gold Mines Corp. (CVE:OMG) insider Petra Decher bought 75,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of C$2.66 per share, for a total transaction of C$199,500.00. Following the completion of the transaction, the insider directly owned 75,000 shares of the company’s stock, valued at C$199,500. This represents a ? increase in their position.

Omai Gold Mines Stock Down 0.4%

CVE OMG traded down C$0.01 during trading on Tuesday, hitting C$2.64. 710,052 shares of the stock traded hands, compared to its average volume of 1,452,097. Omai Gold Mines Corp. has a 12-month low of C$0.94 and a 12-month high of C$3.16. The firm has a 50-day simple moving average of C$2.63 and a 200-day simple moving average of C$2.33. The company has a market capitalization of C$1.79 billion, a P/E ratio of -88.00 and a beta of 3.83.

Analyst Ratings Changes

Several brokerages recently commented on OMG. Stifel Nicolaus upped their price target on shares of Omai Gold Mines from C$3.50 to C$4.25 in a report on Thursday, August 20th. Canadian Imperial Bank of Commerce set a C$4.50 price objective on Omai Gold Mines and gave the stock an “outperformer” rating in a research note on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, According to 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.