Omineca Mining and Metals (CVE:OMM) Trading Down 14.3% – Should You Sell?

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

Omineca Mining and Metals Price Performance

The stock has a market cap of C$10.80 million, a P/E ratio of -6.00 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The firm has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.07.

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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