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

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 15.4% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.06. 1,143,437 shares changed hands during 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 Trading Down 15.4 %

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. The business has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 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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