Omineca Mining and Metals (CVE:OMM) Shares Down 17.6% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price dropped 17.6% during trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares traded hands during trading, a decline of 9% from the average daily volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Stock Down 17.6 %

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 cap of C$12.61 million, a price-to-earnings ratio of -7.00 and a beta of 0.25. The firm’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07.

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.