Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM) shares shot up 50% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares changed hands during mid-day trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Up 50.0 %

The business has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07. 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 company has a market cap of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25.

About Omineca Mining and Metals

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.