Omineca Mining and Metals (CVE:OMM) Trading Up 40% – Still a Buy?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) were up 40% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 1,107,500 shares were traded during trading, an increase of 658% from the average daily volume of 146,125 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price 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 has a 50-day moving average price of C$0.06 and a 200 day moving average price of C$0.07. The stock has a market capitalization of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25.

About Omineca Mining and Metals

(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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