Omineca Mining and Metals (CVE:OMM) Trading 9.1% Higher – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price was up 9.1% during mid-day trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 127,450 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 128,251 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

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 stock’s fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.09. The company has a market cap of C$10.80 million, a price-to-earnings ratio of -6.00 and a beta of 0.25.

About Omineca Mining and Metals

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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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