Omineca Mining and Metals (CVE:OMM) Shares Down 14.3% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded down 14.3% during mid-day trading on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. 352,500 shares were traded during trading, an increase of 44% from the average session volume of 244,758 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Price Performance

The stock has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.07. The stock has a market cap of C$10.80 million, a price-to-earnings ratio of -6.00 and a beta of 0.25. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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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