Omai Gold Mines (CVE:OMG) Director Elaine Ellingham Sells 243,400 Shares of Stock

Omai Gold Mines Corp. (CVE:OMG) Director Elaine Ellingham sold 243,400 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$2.72, for a total value of C$662,048.00. Following the transaction, the director directly owned 6,972,924 shares in the company, valued at C$18,966,353.28. The trade was a 3.37% decrease in their ownership of the stock.

Elaine Ellingham also recently made the following trade(s):

• On Thursday, September 3rd, Elaine Ellingham sold 6,600 shares of Omai Gold Mines stock. The stock was sold at an average price of C$2.71, for a total value of C$17,886.00.

Omai Gold Mines Trading Down 3.3%

CVE OMG traded down C$0.09 during trading on Friday, reaching C$2.65. 1,190,844 shares of the company’s stock were exchanged, compared to its average volume of 1,456,437. Omai Gold Mines Corp. has a fifty-two week low of C$0.93 and a fifty-two week high of C$3.16. The firm has a market capitalization of C$1.79 billion, a PE ratio of -88.33 and a beta of 3.83. The company’s fifty day simple moving average is C$2.61 and its 200-day simple moving average is C$2.32.

Analyst Upgrades and Downgrades

Several research firms recently commented on OMG. Stifel Nicolaus raised 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 shares of Omai Gold Mines and gave the company an “outperformer” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently 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.