Omineca Mining and Metals (CVE:OMM) Shares Down 18.2% – Here’s Why

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) dropped 18.2% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 1,012,300 shares traded hands during trading, an increase of 275% from the average daily volume of 269,833 shares. The stock had previously closed at C$0.06.

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 company has a market capitalization of C$8.10 million, a PE ratio of -4.50 and a beta of 0.25. The stock has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06.

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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