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

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

Omai Gold Mines Price Performance

Shares of OMG stock opened at C$2.66 on Friday. The stock has a market capitalization of C$1.80 billion, a PE ratio of -88.67 and a beta of 3.83. The business’s 50 day simple moving average is C$2.65 and its 200 day simple moving average is C$2.34. Omai Gold Mines Corp. has a one year low of C$0.94 and a one year high of C$3.16.

Analysts Set New Price Targets

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

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