Omineca Mining and Metals (CVE:OMM) Shares Down 17.6% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was down 17.6% on Friday . The stock 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 Performance

The company has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.07. 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 company has a market capitalization of C$12.61 million, a PE ratio of -7.00 and a beta of 0.25.

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.

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