Omineca Mining and Metals (CVE:OMM) Stock Price Up 50% – Here’s Why

by · The Cerbat Gem

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report)’s stock price rose 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 changed 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 firm has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of 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. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

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.

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