Omineca Mining and Metals (CVE:OMM) Stock Price Down 15.4% – Time to Sell?

by · The Markets Daily

Shares of Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report) traded down 15.4% during mid-day trading on Saturday . The company traded as low as C$0.05 and last traded at C$0.06. 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 Price Performance

The company’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.07. The firm has a market capitalization 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.

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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