Insider Selling: 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 Omai Gold Mines stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$2.67, for a total value of C$121,218.00. Following the transaction, the insider directly owned 691,415 shares in the company, valued at approximately C$1,846,078.05. The trade was a 6.16% decrease in their ownership of the stock.

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 stock was sold at an average price of C$2.73, for a total transaction of C$149,058.00.

Omai Gold Mines Trading Up 5.3%

Omai Gold Mines stock traded up C$0.14 during midday trading on Friday, hitting C$2.80. The stock had a trading volume of 1,517,670 shares, compared to its average volume of 1,449,369. Omai Gold Mines Corp. has a 52-week low of C$0.94 and a 52-week high of C$3.16. The company has a market capitalization of C$1.89 billion, a PE ratio of -93.33 and a beta of 3.83. The firm’s fifty day moving average is C$2.65 and its two-hundred day moving average is C$2.34.

Analyst Upgrades and Downgrades

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

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