Omineca Mining and Metals (CVE:OMM) Trading Up 20% – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMM) shares were up 20% during trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 637,000 shares traded hands during trading, an increase of 342% from the average daily volume of 143,980 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The stock has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07. 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 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

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.