Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Still a Buy?

by · The Markets Daily

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

Omineca Mining and Metals Stock Performance

The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The stock’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.07. The stock has a market cap of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25.

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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