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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded down 15.4% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares traded 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 Down 15.4 %

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 firm’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The company has a market cap of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25.

About Omineca Mining and Metals

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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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