Omai Gold Mines (CVE:OMG) Insider Petra Decher Buys 75,000 Shares

Omai Gold Mines Corp. (CVE:OMG) insider Petra Decher purchased 75,000 shares of Omai Gold Mines stock in a transaction on Friday, September 4th. The stock was bought at an average cost of C$2.66 per share, with a total value of C$199,500.00. Following the transaction, the insider directly owned 75,000 shares of the company’s stock, valued at approximately C$199,500. The trade was a ∞ increase in their ownership of the stock.

Omai Gold Mines Stock Performance

Shares of CVE OMG opened at C$2.64 on Wednesday. The business’s 50-day simple moving average is C$2.63 and its 200-day simple moving average is C$2.33. Omai Gold Mines Corp. has a 52 week low of C$0.94 and a 52 week high of C$3.16. The firm has a market cap of C$1.79 billion, a price-to-earnings ratio of -88.00 and a beta of 3.83.

Analysts Set New Price Targets

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

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