What Next for Omni-Lite Industries Canada Inc. Stock After Today’s Huge Decline?

 What Next for Omni Lite Industries Canada Inc. Stock After Today's Huge Decline?

The stock of Omni-Lite Industries Canada Inc. (CVE:OML) is a huge mover today! About 21,810 shares traded hands or 141.55% up from the average. Omni-Lite Industries Canada Inc. (CVE:OML) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 9 months negative chart setup for the $19.83M company. It was reported on Dec, 1 by Barchart.com. We have $1.66 PT which if reached, will make CVE:OML worth $1.59M less.

Omni-Lite Industries Canada Inc. is a research and development company. The company has a market cap of $19.83 million. The Firm is engaged in the manufacture of precision components forged from composite and other alloyed materials. It has a 20.25 P/E ratio. The Firm operates through four business divisions: Military, Aerospace, Specialty Automotive, and Sports and Recreation.

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