Could Omni-Lite Industries Canada Inc. Recover After Today’s Huge Decline?

 Could Omni Lite Industries Canada Inc. Recover After Today's Huge Decline?

The stock of Omni-Lite Industries Canada Inc. (CVE:OML) is a huge mover today! About 7,900 shares traded hands. Omni-Lite Industries Canada Inc. (CVE:OML) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 6 months negative chart setup for the $18.67M company. It was reported on Nov, 17 by Barchart.com. We have $1.50 PT which if reached, will make CVE:OML worth $2.24 million less.

More important recent Omni-Lite Industries Canada Inc. (CVE:OML) news were published by: Digitaljournal.com which released: “CEO David Grant of Omni-Lite Industries Explains the Growth of the Aerospace …” on November 01, 2016, also Businesswire.com published article titled: “Global Metal Matrix Composites Market Growth of 5.9% CAGR by 2020 – Analysis …”, Midasletter.com published: “3 S&P/TSX Venture Stocks That Will Outperform on Stimulus: OML.V, LM.V, PHM.V” on January 25, 2016. More interesting news about Omni-Lite Industries Canada Inc. (CVE:OML) was released by: Investorideas.com and their article: “Sports Stocks Directory Released – Big 4 leagues in America Bring in $26 …” with publication date: June 21, 2016.

Omni-Lite Industries Canada Inc. is a research and development company. The company has a market cap of $18.67 million. The Firm is engaged in the manufacture of precision components forged from composite and other alloyed materials. It has a 19.11 P/E ratio. The Firm operates through four business divisions: Military, Aerospace, Specialty Automotive, and Sports and Recreation.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment