Omineca Mining and Metals (CVE:OMM) Trading Up 50% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM) shares traded up 50% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares traded hands during mid-day trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The business has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.07. 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 has a market capitalization of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25.

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.