Omineca Mining and Metals (CVE:OMM) Trading Down 14.3% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) dropped 14.3% during mid-day trading on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 352,500 shares traded hands during mid-day 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 Trading Down 14.3 %

The business’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The firm has a market capitalization of C$10.80 million, a PE ratio of -6.00 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

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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