Omineca Mining and Metals (CVE:OMM) Shares Up 20% – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares shot up 20% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 637,000 shares changed hands during mid-day trading, an increase of 342% from the average session volume of 143,980 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The business’s fifty day moving average is C$0.06 and its 200 day moving average is C$0.07. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The firm has a market capitalization of C$12.61 million, a P/E ratio of -7.00 and a beta of 0.25.

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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