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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was down 17.6% during trading 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 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 stock’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07. The stock has a market cap of C$10.80 million, a price-to-earnings ratio of -6.00 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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