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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’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 Trading Up 50.0 %

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 firm has a market cap of C$13.51 million, a PE 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 200 day moving average price of C$0.07.

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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