Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) rose 50% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares were traded during mid-day 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 quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. 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. The company has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

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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