Omineca Mining and Metals (CVE:OMM) Stock Price Down 17.6% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was down 17.6% during mid-day trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares were traded during mid-day 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 firm’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The firm has a market cap of C$10.80 million, a PE ratio of -6.00 and a beta of 0.25. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

About Omineca Mining and Metals

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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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