Omineca Mining and Metals (CVE:OMM) Shares Down 11.1% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price traded down 11.1% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 886,894 shares were traded during trading, an increase of 237% from the average session volume of 262,839 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The stock’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The company has a market cap of C$8.10 million, a price-to-earnings ratio of -4.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

Omineca Mining and Metals Company Profile

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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.

Further Reading

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