Omineca Mining and Metals (CVE:OMM) Trading Down 15.4% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares fell 15.4% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.06. 1,143,437 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The company has a market cap of C$9.90 million, a PE ratio of -5.50 and a beta of 0.25. The business’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.07.

Omineca Mining and Metals Company Profile

(Get Free Report)

Omineca Mining and Metals Ltd., a junior resource company, explores for and develops mineral resources in Canada. Its flagship project is the Wingdam gold project covering an area of 50,000 hectares located in the prolific Barkerville gold camp in central British Columbia. The company holds interest in the Fraser Canyon project and Mouse Mountain Project located in British Columbia.

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