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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price rose 50% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares were traded 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 Up 50.0 %

The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. 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 business has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

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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