Omineca Mining and Metals (CVE:OMM) Shares Down 15.4% – What’s Next?

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

Omineca Mining and Metals Stock Down 15.4 %

The stock has a market cap of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25. 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 firm’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.07.

Omineca Mining and Metals Company Profile

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.