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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares shot up 50% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares changed hands during 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 company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The firm has a market cap of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25. The stock has a 50-day moving average price of C$0.06 and a 200 day moving average price of C$0.07.

About Omineca Mining and Metals

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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.

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