Omineca Mining and Metals (CVE:OMM) Trading Up 50% – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price was up 50% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares traded hands during mid-day 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 Trading Up 50.0 %

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

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.