Omineca Mining and Metals (CVE:OMM) Shares Up 50% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price was up 50% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares traded hands 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 Stock 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 business has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.07. The stock has a market cap of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25.

About Omineca Mining and Metals

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.