Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Here’s What Happened

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

Omineca Mining and Metals Price Performance

The firm has a market cap of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25. The stock’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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.