Omineca Mining and Metals (CVE:OMM) Trading Down 15.4% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price dropped 15.4% on Saturday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares were traded during trading, an increase of 162% from the average daily volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock 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 capitalization of C$9.90 million, a PE ratio of -5.50 and a beta of 0.25. The firm’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07.

Omineca Mining and Metals Company Profile

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.