Omai Gold Mines (CVE:OMG) Stock Price Down 4.9% – Here’s What Happened

Omai Gold Mines Corp. (CVE:OMG) shares fell 4.9% during trading on Thursday . The company traded as low as C$1.88 and last traded at C$1.95. 938,069 shares were traded during trading, a decline of 40% from the average session volume of 1,567,062 shares. The stock had previously closed at C$2.05.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. National Bank Financial set a C$3.00 price objective on Omai Gold Mines and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Cormark raised shares of Omai Gold Mines to a “moderate buy” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$2.38.

Omai Gold Mines Stock Down 4.9%

The firm has a market capitalization of C$1.24 billion, a PE ratio of -146.22 and a beta of 3.62. The stock has a 50-day simple moving average of C$1.78 and a 200-day simple moving average of C$1.39.