Omineca Mining and Metals (CVE:OMM) Trading Down 15.4% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price traded down 15.4% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. 1,143,437 shares were traded during mid-day trading, an increase of 162% from the average session volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Down 15.4 %

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 stock’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07. The stock has a market capitalization of C$9.90 million, a P/E ratio of -5.50 and a beta of 0.25.

About Omineca Mining and Metals

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.