Omineca Mining and Metals (CVE:OMM) Shares Down 14.3% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price dropped 14.3% on Saturday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 352,500 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 244,758 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Down 14.3 %

The firm has a market capitalization of C$10.80 million, a price-to-earnings ratio of -6.00 and a beta of 0.25. 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 stock has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.07.

Omineca Mining and Metals Company Profile

(Get Free Report)

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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