Omineca Mining and Metals (CVE:OMM) Shares Up 50% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price rose 50% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares were traded during 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 Price Performance

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

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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