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

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) were down 15.4% during trading on Saturday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares were traded during trading, an increase of 162% from the average daily volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Performance

The firm has a market cap of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The stock’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.07.

About Omineca Mining and Metals

(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.

Further Reading

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