Omineca Mining and Metals (CVE:OMM) Stock Price Down 14.3% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares traded down 14.3% on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. 352,500 shares changed hands during trading, an increase of 44% from the average session volume of 244,758 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The stock has a market cap of C$10.80 million, a PE ratio of -6.00 and a beta of 0.25. The company’s 50 day moving average is C$0.06 and its 200-day moving average is 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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